Eagle Wealth Strategies LLC Sells 1,529 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Eagle Wealth Strategies LLC lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 24.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,734 shares of the company’s stock after selling 1,529 shares during the period. Eagle Wealth Strategies LLC’s holdings in Mondelez International were worth $283,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Truvestments Capital LLC bought a new position in Mondelez International in the 3rd quarter valued at $25,000. Prospera Private Wealth LLC bought a new position in shares of Mondelez International in the third quarter valued at about $27,000. Richardson Financial Services Inc. raised its holdings in shares of Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after buying an additional 200 shares during the last quarter. Highline Wealth Partners LLC bought a new position in shares of Mondelez International in the third quarter valued at about $38,000. Finally, Hara Capital LLC acquired a new position in Mondelez International during the 3rd quarter worth about $45,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MDLZ. Bank of America boosted their target price on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Wells Fargo & Company reissued an “equal weight” rating and issued a $61.00 target price (down from $74.00) on shares of Mondelez International in a research note on Tuesday, January 7th. Redburn Atlantic began coverage on Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target on the stock. Jefferies Financial Group lowered Mondelez International from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $75.00 to $62.00 in a research report on Tuesday. Finally, UBS Group cut their target price on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and a consensus price target of $73.81.

Mondelez International Price Performance

Shares of MDLZ stock opened at $57.60 on Wednesday. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 12-month low of $55.97 and a 12-month high of $77.20. The firm has a fifty day moving average of $61.25 and a 200-day moving average of $67.13. The firm has a market capitalization of $77.02 billion, a price-to-earnings ratio of 20.43, a price-to-earnings-growth ratio of 3.12 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The firm had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. During the same period in the previous year, the firm earned $0.82 earnings per share. The company’s revenue was up 1.9% on a year-over-year basis. On average, equities research analysts forecast that Mondelez International, Inc. will post 3.47 earnings per share for the current year.

Mondelez International Dividend Announcement

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

Mondelez International announced that its Board of Directors has approved a share repurchase program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 10.7% of its stock through open market purchases. Stock buyback programs are typically an indication 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.