Cannell & Spears LLC Cuts Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Cannell & Spears LLC lowered its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 12.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 596,485 shares of the company’s stock after selling 83,259 shares during the quarter. Cannell & Spears LLC’s holdings in Mondelez International were worth $35,628,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Marshall Investment Management LLC purchased a new stake in Mondelez International in the 4th quarter worth $26,000. Hager Investment Management Services LLC purchased a new position in Mondelez International in the 4th quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Mondelez International in the 4th quarter worth about $31,000. McClarren Financial Advisors Inc. purchased a new stake in Mondelez International during the 4th quarter worth approximately $32,000. Finally, Sierra Ocean LLC acquired a new position in shares of Mondelez International during the fourth quarter valued at approximately $32,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Up 0.3 %

Shares of NASDAQ MDLZ opened at $67.72 on Monday. 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 firm has a market cap of $87.60 billion, a price-to-earnings ratio of 19.80, a PEG ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The business’s 50 day moving average is $62.25 and its two-hundred day moving average is $64.75.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share 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%. Research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The company 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 dividend of $0.47 per share. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.78%. Mondelez International’s dividend payout ratio (DPR) is currently 54.97%.

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

Analyst Ratings Changes

MDLZ has been the subject of several research reports. Piper Sandler boosted their price target on Mondelez International from $56.00 to $59.00 and gave the stock a “neutral” rating in a research report on Thursday. Citigroup reduced their target price on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Mizuho boosted their price target on shares of Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. Stifel Nicolaus cut their price objective on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a report on Friday, January 24th. Finally, Argus cut Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $69.50.

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.