WealthPLAN Partners LLC Sells 238 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

WealthPLAN Partners LLC reduced its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,657 shares of the company’s stock after selling 238 shares during the quarter. WealthPLAN Partners LLC’s holdings in Mondelez International were worth $278,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Mizuho Securities USA LLC increased its position in Mondelez International by 12,057.4% in the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock worth $926,327,000 after buying an additional 12,470,573 shares during the last quarter. Van ECK Associates Corp increased its position in Mondelez International by 2,560.0% in the fourth quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company’s stock worth $203,749,000 after buying an additional 3,282,937 shares during the last quarter. Ilex Capital Partners UK LLP purchased a new stake in Mondelez International in the third quarter worth $219,045,000. FMR LLC increased its position in Mondelez International by 14.2% in the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock worth $1,344,894,000 after buying an additional 2,268,639 shares during the last quarter. Finally, Holocene Advisors LP purchased a new stake in Mondelez International in the third quarter worth $159,823,000. 78.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MDLZ has been the subject of several recent research reports. Jefferies Financial Group cut Mondelez International from a “buy” rating to a “hold” rating and reduced their price target for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft reduced their price target on Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research report on Wednesday, January 22nd. The Goldman Sachs Group reduced their price target on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Piper Sandler cut Mondelez International from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $70.00 to $63.00 in a research report on Friday, January 31st. Finally, UBS Group reduced their price target on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $69.74.

Mondelez International Stock Down 0.6 %

MDLZ stock opened at $60.82 on Friday. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The company has a quick ratio of 0.42, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The firm has a market cap of $81.33 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 4.04 and a beta of 0.54. The business has a 50 day moving average of $58.98 and a 200 day moving average of $66.14.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. On average, research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.47 per share. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 3.09%. Mondelez International’s dividend payout ratio is 54.97%.

Mondelez International declared that its board has initiated a share buyback program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 10.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors 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.