Royal Fund Management LLC Sells 23,975 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Royal Fund Management LLC reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 65.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,715 shares of the company’s stock after selling 23,975 shares during the quarter. Royal Fund Management LLC’s holdings in Mondelez International were worth $759,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Axiom Advisory LLC raised its holdings in Mondelez International by 1.6% in the third quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock worth $643,000 after purchasing an additional 143 shares during the period. Hazlett Burt & Watson Inc. raised its stake in Mondelez International by 16.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock worth $78,000 after buying an additional 150 shares during the period. Carnegie Investment Counsel lifted its holdings in Mondelez International by 1.4% during the third quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock worth $811,000 after acquiring an additional 151 shares in the last quarter. SeaCrest Wealth Management LLC grew its stake in Mondelez International by 1.3% in the third quarter. SeaCrest Wealth Management LLC now owns 12,130 shares of the company’s stock valued at $894,000 after acquiring an additional 156 shares during the period. Finally, Quent Capital LLC increased its holdings in shares of Mondelez International by 5.5% in the third quarter. Quent Capital LLC now owns 3,047 shares of the company’s stock worth $225,000 after acquiring an additional 160 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Stifel Nicolaus lifted their price objective on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a report on Friday, October 25th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $61.00 price target (down previously from $74.00) on shares of Mondelez International in a report on Tuesday, January 7th. Jefferies Financial Group lowered shares of Mondelez International from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $75.00 to $62.00 in a report on Tuesday. UBS Group reduced 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, Piper Sandler lowered their target price on Mondelez International from $84.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and an average target price of $74.13.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $57.60 on Wednesday. The company has a fifty day moving average price of $61.43 and a two-hundred day moving average price of $67.20. Mondelez International, Inc. has a one year low of $55.97 and a one year high of $77.20. The stock has a market cap of $77.02 billion, a P/E ratio of 20.43, a P/E/G ratio of 3.12 and a beta of 0.54. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. The business had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. Mondelez International’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the company posted $0.82 earnings per share. As a group, equities analysts predict that Mondelez International, Inc. will post 3.47 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.

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