Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 16.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,078 shares of the company’s stock after selling 6,336 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Mondelez International were worth $1,857,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of MDLZ. Erste Asset Management GmbH increased its stake in shares of Mondelez International by 35.3% during the fourth quarter. Erste Asset Management GmbH now owns 42,713 shares of the company’s stock worth $2,566,000 after acquiring an additional 11,154 shares during the period. Great Lakes Advisors LLC increased its stake in shares of Mondelez International by 1.9% during the fourth quarter. Great Lakes Advisors LLC now owns 1,120,601 shares of the company’s stock worth $66,933,000 after acquiring an additional 20,818 shares during the period. Hopwood Financial Services Inc. acquired a new position in shares of Mondelez International during the fourth quarter worth about $105,000. Sequoia Financial Advisors LLC increased its stake in shares of Mondelez International by 1.1% during the fourth quarter. Sequoia Financial Advisors LLC now owns 31,814 shares of the company’s stock worth $1,900,000 after acquiring an additional 341 shares during the period. Finally, Natural Investments LLC acquired a new position in shares of Mondelez International during the fourth quarter worth about $223,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MDLZ has been the topic of a number of recent analyst reports. Dbs Bank lowered shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. DZ Bank lowered shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 target price on the stock. in a research report on Friday, February 7th. Jefferies Financial Group lowered shares of Mondelez International from a “buy” rating to a “hold” rating and lowered their target price for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. Piper Sandler lowered shares of Mondelez International from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $70.00 to $63.00 in a research report on Friday, January 31st. Finally, Wells Fargo & Company lowered their target price on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and an average price target of $69.74.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $64.69 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The company has a market cap of $83.68 billion, a P/E ratio of 18.92, a P/E/G ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The firm’s 50 day moving average is $60.60 and its two-hundred day moving average is $65.47.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data 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 return on equity of 16.75% and a net margin of 12.68%. Analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International announced that its board has initiated a stock repurchase program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to reacquire up to 10.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be given a $0.47 dividend. This represents a $1.88 annualized dividend 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 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.