Addison Advisors LLC Has $267,000 Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Addison Advisors LLC cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 27.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,463 shares of the company’s stock after selling 1,682 shares during the period. Addison Advisors LLC’s holdings in Mondelez International were worth $267,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MDLZ. International Assets Investment Management LLC boosted its stake in shares of Mondelez International by 8,591.9% during the 3rd quarter. International Assets Investment Management LLC now owns 806,085 shares of the company’s stock worth $59,384,000 after buying an additional 796,811 shares during the last quarter. Arkadios Wealth Advisors boosted its stake in shares of Mondelez International by 64.0% during the 3rd quarter. Arkadios Wealth Advisors now owns 9,635 shares of the company’s stock worth $710,000 after buying an additional 3,760 shares during the last quarter. Modera Wealth Management LLC boosted its stake in shares of Mondelez International by 37.9% during the 3rd quarter. Modera Wealth Management LLC now owns 69,999 shares of the company’s stock worth $5,157,000 after buying an additional 19,222 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Mondelez International by 1.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 161,345 shares of the company’s stock worth $11,885,000 after buying an additional 2,190 shares during the last quarter. Finally, Ridgepath Capital Management LLC boosted its stake in shares of Mondelez International by 3.1% during the 3rd quarter. Ridgepath Capital Management LLC now owns 18,440 shares of the company’s stock worth $1,358,000 after buying an additional 563 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Trading Up 1.1 %

MDLZ stock opened at $65.36 on Tuesday. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The company has a market capitalization of $84.55 billion, a PE ratio of 19.11, a price-to-earnings-growth ratio of 4.34 and a beta of 0.54. The company’s 50-day simple moving average is $59.05 and its 200 day simple moving average is $65.83. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68.

Mondelez International (NASDAQ:MDLZ) last announced 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 return on equity of 16.75% and a net margin of 12.68%. As a group, sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International announced that its board has initiated a stock 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 repurchase up to 10.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

Mondelez International Dividend Announcement

The business also recently disclosed 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 of this dividend is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a yield of 2.88%. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of a number of recent research reports. DZ Bank downgraded shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective for the company. in a research note on Friday, February 7th. Royal Bank of Canada reduced their price objective on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating for the company in a research note on Thursday, February 6th. Dbs Bank downgraded shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. Stifel Nicolaus cut their target price on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Finally, Piper Sandler downgraded shares of Mondelez International from an “overweight” rating to a “neutral” rating and cut their target price for the company from $70.00 to $63.00 in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and an average price target of $69.74.

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.