Alpha Cubed Investments LLC Lowers Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Alpha Cubed Investments LLC trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 8.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,182 shares of the company’s stock after selling 377 shares during the period. Alpha Cubed Investments LLC’s holdings in Mondelez International were worth $250,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MDLZ. Czech National Bank boosted its position in shares of Mondelez International by 6.5% in the 4th quarter. Czech National Bank now owns 289,931 shares of the company’s stock worth $17,318,000 after purchasing an additional 17,815 shares in the last quarter. Legacy Private Trust Co. grew its holdings in shares of Mondelez International by 33.2% in the fourth quarter. Legacy Private Trust Co. now owns 3,841 shares of the company’s stock worth $229,000 after acquiring an additional 957 shares during the period. Benjamin Edwards Inc. increased its position in Mondelez International by 1,904.9% during the third quarter. Benjamin Edwards Inc. now owns 425,805 shares of the company’s stock valued at $31,369,000 after acquiring an additional 404,567 shares during the last quarter. Kingsview Wealth Management LLC lifted its holdings in Mondelez International by 14.3% in the third quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company’s stock valued at $8,430,000 after acquiring an additional 14,278 shares during the period. Finally, Miracle Mile Advisors LLC boosted its position in Mondelez International by 374.9% in the fourth quarter. Miracle Mile Advisors LLC now owns 22,124 shares of the company’s stock worth $1,321,000 after purchasing an additional 17,465 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MDLZ. The Goldman Sachs Group lowered their price objective on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Citigroup decreased their price target on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. UBS Group reduced their price objective on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Redburn Atlantic assumed coverage on Mondelez International in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target for the company. Finally, Bank of America raised their price objective on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $74.13.

Mondelez International Stock Down 0.4 %

NASDAQ MDLZ opened at $57.60 on Wednesday. The stock has a 50 day moving average price of $61.43 and a 200-day moving average price of $67.20. Mondelez International, Inc. has a one year low of $55.97 and a one year high of $77.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The company has a market capitalization of $77.02 billion, a P/E ratio of 20.43, a P/E/G ratio of 3.12 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. During the same quarter last year, the business earned $0.82 earnings per share. Mondelez International’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, equities analysts predict that Mondelez International, Inc. will post 3.47 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 3.26%. Mondelez International’s payout ratio is currently 66.67%.

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

About Mondelez International

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.