Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Independent Solutions Wealth Management LLC

Independent Solutions Wealth Management LLC cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 9.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,535 shares of the company’s stock after selling 363 shares during the period. Independent Solutions Wealth Management LLC’s holdings in Mondelez International were worth $260,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Mizuho Securities USA LLC increased its stake in Mondelez International by 12,057.4% during the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock worth $926,327,000 after acquiring an additional 12,470,573 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Mondelez International by 40.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock worth $1,094,557,000 after purchasing an additional 4,794,746 shares in the last quarter. Ilex Capital Partners UK LLP purchased a new position in Mondelez International in the third quarter valued at approximately $219,045,000. FMR LLC lifted its position in Mondelez International by 14.2% during the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock valued at $1,344,894,000 after buying an additional 2,268,639 shares in the last quarter. Finally, Holocene Advisors LP purchased a new stake in Mondelez International during the third quarter worth approximately $159,823,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Stifel Nicolaus lifted their target price on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a report on Friday, October 25th. Redburn Atlantic initiated coverage on Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective on the stock. Piper Sandler increased their target price on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Evercore ISI boosted their price target on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and lowered their price objective for the company from $78.00 to $67.00 in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and an average price target of $79.07.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $59.27 on Friday. The company has a market cap of $79.26 billion, a PE ratio of 21.02, a P/E/G ratio of 2.85 and a beta of 0.53. Mondelez International, Inc. has a fifty-two week low of $59.24 and a fifty-two week high of $77.20. The firm has a 50-day simple moving average of $66.15 and a 200 day simple moving average of $68.43. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. The company had revenue of $9.20 billion for 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%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the business posted $0.82 earnings per share. On average, sell-side analysts anticipate that Mondelez International, Inc. will post 3.48 EPS for the current year.

Mondelez International declared that its Board of Directors has initiated a stock buyback program on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to repurchase up to 10.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be paid a $0.47 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.17%. Mondelez International’s payout ratio is currently 66.67%.

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.