XML Financial LLC Decreases Position in Mondelez International, Inc. (NASDAQ:MDLZ)

XML Financial LLC lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,900 shares of the company’s stock after selling 204 shares during the quarter. XML Financial LLC’s holdings in Mondelez International were worth $890,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of MDLZ. Truvestments Capital LLC purchased a new stake in shares of Mondelez International in the 3rd quarter valued at approximately $25,000. Prospera Private Wealth LLC acquired a new position in shares of Mondelez International during the third quarter worth $27,000. Richardson Financial Services Inc. increased its holdings in Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after buying an additional 200 shares during the last quarter. Highline Wealth Partners LLC acquired a new stake in Mondelez International in the third quarter valued at $38,000. Finally, Hara Capital LLC purchased a new stake in Mondelez International during the 3rd quarter worth about $45,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on MDLZ. Redburn Atlantic started coverage on Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective on the stock. The Goldman Sachs Group cut their price objective on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Stifel Nicolaus increased their target price on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Evercore ISI lifted their price target on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Finally, Piper Sandler dropped their price objective on Mondelez International from $84.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and an average target price of $73.81.

Mondelez International Trading Down 2.2 %

NASDAQ MDLZ opened at $56.31 on Thursday. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $75.30 billion, a P/E ratio of 19.97, a P/E/G ratio of 3.12 and a beta of 0.54. Mondelez International, Inc. has a 52-week low of $55.97 and a 52-week high of $77.20. The firm has a 50-day moving average price of $61.25 and a 200 day moving average price of $67.13.

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

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.34%. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.

Mondelez International announced that its board has approved a share 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 reacquire up to 10.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are 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.