Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by First Affirmative Financial Network

First Affirmative Financial Network reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 4.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,367 shares of the company’s stock after selling 191 shares during the period. First Affirmative Financial Network’s holdings in Mondelez International were worth $261,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of MDLZ. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Mondelez International by 5.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 103,824 shares of the company’s stock valued at $6,794,000 after acquiring an additional 5,777 shares during the period. Sanctuary Advisors LLC bought a new stake in Mondelez International during the second quarter worth approximately $19,061,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Mondelez International in the second quarter valued at $8,059,000. Jacobs & Co. CA lifted its holdings in Mondelez International by 7.1% in the 3rd quarter. Jacobs & Co. CA now owns 119,136 shares of the company’s stock valued at $8,776,000 after acquiring an additional 7,854 shares during the last quarter. Finally, Cascade Investment Advisors Inc. boosted its holdings in Mondelez International by 3.2% during the third quarter. Cascade Investment Advisors Inc. now owns 17,925 shares of the company’s stock worth $1,321,000 after buying an additional 550 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 research analysts recently issued reports on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $75.00 price objective on shares of Mondelez International in a research note on Thursday. Jefferies Financial Group lowered Mondelez International from a “buy” rating to a “hold” rating and cut their target price for the company from $75.00 to $62.00 in a report on Tuesday, January 21st. Piper Sandler decreased their price objective on shares of Mondelez International from $84.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Redburn Atlantic began coverage on Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research report on Wednesday, January 22nd. Five research 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 currently has an average rating of “Moderate Buy” and a consensus target price of $73.18.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $58.41 on Friday. The stock has a market cap of $78.11 billion, a price-to-earnings ratio of 20.71, a P/E/G ratio of 2.96 and a beta of 0.54. The company’s fifty day moving average is $60.34 and its 200 day moving average is $66.77. 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, Inc. has a twelve month low of $55.97 and a twelve month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share 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 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 firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.82 earnings per share. Sell-side analysts forecast that Mondelez International, Inc. will post 3.45 EPS for the current year.

Mondelez International Dividend Announcement

The business also recently declared 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 3.22%. Mondelez International’s dividend payout ratio (DPR) is currently 66.67%.

Mondelez International announced that its Board of Directors has approved a share buyback plan 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 shares through open market purchases. Shares buyback plans are typically a sign that the company’s management 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.