Transcend Capital Advisors LLC Has $1.34 Million Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Transcend Capital Advisors LLC decreased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 25.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,398 shares of the company’s stock after selling 7,649 shares during the period. Transcend Capital Advisors LLC’s holdings in Mondelez International were worth $1,338,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Truvestments Capital LLC bought a new position in Mondelez International in the third quarter valued at approximately $25,000. Prospera Private Wealth LLC acquired a new stake in shares of Mondelez International in the 3rd quarter valued at approximately $27,000. Hager Investment Management Services LLC bought a new position in shares of Mondelez International in the fourth quarter valued at $27,000. Richardson Financial Services Inc. increased its holdings in Mondelez International by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after buying an additional 200 shares during the last quarter. Finally, McClarren Financial Advisors Inc. bought a new stake in Mondelez International during the fourth quarter worth $32,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analysts Set New Price Targets

MDLZ has been the subject of a number of analyst reports. Argus downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday. Citigroup reduced their price target on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft dropped their price objective on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Wednesday, January 22nd. DZ Bank cut Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective for the company. in a research report on Friday, February 7th. Finally, Royal Bank of Canada decreased their target price on Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $69.74.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $64.70 on Friday. The firm has a 50-day moving average price of $58.98 and a two-hundred day moving average price of $65.91. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The company has a market capitalization of $83.69 billion, a P/E ratio of 18.92, a P/E/G ratio of 4.32 and a beta of 0.54. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s payout ratio is currently 54.97%.

Mondelez International announced that its Board of Directors has initiated a share repurchase program on Wednesday, December 11th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 10.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

Mondelez International Company Profile

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.