Nilsine Partners LLC Sells 8,324 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Nilsine Partners LLC trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 49.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 8,569 shares of the company’s stock after selling 8,324 shares during the quarter. Nilsine Partners LLC’s holdings in Mondelez International were worth $512,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Truvestments Capital LLC purchased a new stake in Mondelez International during the third quarter valued at about $25,000. Prospera Private Wealth LLC purchased a new position in Mondelez International in the 3rd quarter worth approximately $27,000. Richardson Financial Services Inc. lifted its position 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 purchasing an additional 200 shares during the last quarter. Highline Wealth Partners LLC purchased a new stake in shares of Mondelez International during the third quarter valued at approximately $38,000. Finally, Albion Financial Group UT purchased a new position in shares of Mondelez International in the fourth quarter worth $38,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on MDLZ. Wells Fargo & Company reissued 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 cut 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, January 21st. Citigroup decreased their target price on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Piper Sandler reduced their price objective on shares of Mondelez International from $84.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Finally, Stifel Nicolaus dropped 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 report on Friday, January 24th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $73.06.

Mondelez International Stock Performance

Mondelez International stock opened at $56.91 on Wednesday. The stock’s 50 day moving average is $60.63 and its 200 day moving average is $66.90. The company has a market capitalization of $76.10 billion, a P/E ratio of 20.18, a PEG ratio of 2.96 and a beta of 0.54. Mondelez International, Inc. has a twelve month low of $55.97 and a twelve month high of $77.20. 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 issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.14. The firm had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company’s revenue was up 1.9% on a year-over-year basis. During the same period last year, the company earned $0.82 earnings per share. On average, equities research analysts predict that Mondelez International, Inc. will post 3.45 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders 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 yield of 3.30%. Mondelez International’s dividend payout ratio is currently 66.67%.

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