Wealthspire Advisors LLC Has $920,000 Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Wealthspire Advisors LLC reduced its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 16.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,397 shares of the company’s stock after selling 3,121 shares during the quarter. Wealthspire Advisors LLC’s holdings in Mondelez International were worth $920,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Czech National Bank grew its holdings in Mondelez International by 6.5% in the 4th quarter. Czech National Bank now owns 289,931 shares of the company’s stock valued at $17,318,000 after buying an additional 17,815 shares during the last quarter. Buckingham Capital Management Inc. boosted its position in shares of Mondelez International by 25.5% in the fourth quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company’s stock valued at $5,578,000 after acquiring an additional 18,961 shares during the period. Legacy Private Trust Co. grew its stake 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 last quarter. Kennedy Investment Group bought a new position in Mondelez International during the fourth quarter worth $313,000. Finally, Rhumbline Advisers raised its stake in Mondelez International by 1.4% during the 4th quarter. Rhumbline Advisers now owns 2,742,126 shares of the company’s stock valued at $163,787,000 after purchasing an additional 37,897 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MDLZ has been the topic of several research analyst reports. DZ Bank lowered 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 report on Friday, February 7th. Stifel Nicolaus decreased their target price on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Wells Fargo & Company lowered their price target on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Mizuho raised their price objective on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. Finally, Jefferies Financial Group cut Mondelez International from a “buy” rating to a “hold” rating and lowered their price objective for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $69.74.

Mondelez International Trading Up 0.8 %

Shares of MDLZ stock opened at $65.88 on Wednesday. The company has a market capitalization of $85.22 billion, a P/E ratio of 19.26, a P/E/G ratio of 4.34 and a beta of 0.54. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average price of $59.15 and a 200 day moving average price of $65.81.

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

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s payout ratio is presently 54.97%.

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