Mondelez International, Inc. (NASDAQ:MDLZ) Stake Lowered by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC decreased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 10,972 shares of the company’s stock after selling 195 shares during the period. Lake Street Advisors Group LLC’s holdings in Mondelez International were worth $661,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC acquired a new stake in Mondelez International during the 3rd quarter worth $38,000. Pinnacle Associates Ltd. grew its position in Mondelez International by 8.6% during the 3rd quarter. Pinnacle Associates Ltd. now owns 120,896 shares of the company’s stock worth $8,756,000 after acquiring an additional 9,523 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV increased its holdings in Mondelez International by 2.3% in the third quarter. Hudson Valley Investment Advisors Inc. ADV now owns 58,127 shares of the company’s stock valued at $4,282,000 after purchasing an additional 1,306 shares during the period. Catalyst Financial Partners LLC raised its stake in Mondelez International by 5.6% during the third quarter. Catalyst Financial Partners LLC now owns 9,621 shares of the company’s stock worth $709,000 after buying an additional 507 shares during the last quarter. Finally, Congress Asset Management Co. grew its holdings in Mondelez International by 1.1% during the third quarter. Congress Asset Management Co. now owns 140,712 shares of the company’s stock worth $10,366,000 after buying an additional 1,513 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Trading Up 0.8 %

NASDAQ:MDLZ opened at $63.98 on Friday. The stock has a fifty day moving average price of $59.31 and a 200 day moving average price of $65.78. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The firm has a market cap of $82.76 billion, a PE ratio of 18.71, a price-to-earnings-growth ratio of 4.34 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last posted 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%. Sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International announced that its Board of Directors has approved a share repurchase plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to repurchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

Mondelez International Dividend Announcement

The company 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 $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Monday, March 31st. Mondelez International’s payout ratio is currently 54.97%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on MDLZ shares. Citigroup decreased their target price on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Stifel Nicolaus dropped their price target on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Jefferies Financial Group downgraded Mondelez International from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $75.00 to $62.00 in a research note on Tuesday, January 21st. Piper Sandler cut Mondelez International from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $70.00 to $63.00 in a report on Friday, January 31st. Finally, UBS Group lowered their target price on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $69.74.

Mondelez International 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.