Richard W. Paul & Associates LLC Sells 193 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Richard W. Paul & Associates LLC reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 4.6% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,991 shares of the company’s stock after selling 193 shares during the quarter. Richard W. Paul & Associates LLC’s holdings in Mondelez International were worth $238,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Metis Global Partners LLC boosted its holdings in shares of Mondelez International by 5.0% in the 4th quarter. Metis Global Partners LLC now owns 44,813 shares of the company’s stock worth $2,677,000 after buying an additional 2,131 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Mondelez International by 33.0% in the 4th quarter. Fisher Asset Management LLC now owns 10,308 shares of the company’s stock worth $616,000 after buying an additional 2,557 shares during the last quarter. SVB Wealth LLC purchased a new position in shares of Mondelez International in the 4th quarter worth about $9,404,000. Tufton Capital Management boosted its holdings in shares of Mondelez International by 7.8% in the 4th quarter. Tufton Capital Management now owns 113,271 shares of the company’s stock worth $6,766,000 after buying an additional 8,203 shares during the last quarter. Finally, Motco boosted its holdings in shares of Mondelez International by 2.1% in the 4th quarter. Motco now owns 134,256 shares of the company’s stock worth $8,019,000 after buying an additional 2,720 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Trading Up 0.4 %

Shares of MDLZ opened at $64.25 on Friday. The business’s 50-day moving average price is $59.41 and its 200-day moving average price is $65.71. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The stock has a market cap of $83.11 billion, a PE ratio of 18.79, a P/E/G ratio of 4.34 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 posted its quarterly earnings data 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%. On average, equities analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is 54.97%.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on MDLZ shares. Piper Sandler downgraded shares of Mondelez International from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $70.00 to $63.00 in a report on Friday, January 31st. Wells Fargo & Company dropped their price objective on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Dbs Bank downgraded shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. DZ Bank downgraded shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective on the stock. in a report on Friday, February 7th. Finally, UBS Group dropped their price objective on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and an average target price of $69.74.

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.