Jmac Enterprises LLC Sells 3,399 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Jmac Enterprises LLC trimmed its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 23.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,826 shares of the company’s stock after selling 3,399 shares during the quarter. Jmac Enterprises LLC’s holdings in Mondelez International were worth $647,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Truvestments Capital LLC acquired a new position in Mondelez International in the third quarter valued at about $25,000. Prospera Private Wealth LLC bought a new position in shares of Mondelez International in the third quarter valued at approximately $27,000. Hager Investment Management Services LLC acquired a new position in shares of Mondelez International in the 4th quarter worth approximately $27,000. Richardson Financial Services Inc. grew its position in Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after acquiring an additional 200 shares during the last quarter. Finally, Highline Wealth Partners LLC bought a new stake in Mondelez International during the 3rd quarter worth approximately $38,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Price Performance

Shares of MDLZ opened at $60.45 on Wednesday. The company has a current ratio of 0.68, a quick ratio of 0.42 and a debt-to-equity ratio of 0.58. The stock has a market cap of $80.83 billion, a P/E ratio of 17.68, a price-to-earnings-growth ratio of 4.04 and a beta of 0.54. The stock’s 50-day moving average price is $59.20 and its two-hundred day moving average price is $66.30. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06.

Mondelez International (NASDAQ:MDLZ) last released 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 predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

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

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s dividend payout ratio is currently 54.97%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MDLZ. Dbs Bank downgraded Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. Royal Bank of Canada cut their price target on Mondelez International from $75.00 to $69.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. Bank of America increased their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. UBS Group dropped their target price on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, DZ Bank cut shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target on the stock. in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $69.72.

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.