Nwam LLC Sells 284 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Nwam LLC lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 6.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,114 shares of the company’s stock after selling 284 shares during the period. Nwam LLC’s holdings in Mondelez International were worth $246,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in MDLZ. Truvestments Capital LLC bought a new position in Mondelez International in the third quarter worth approximately $25,000. Marshall Investment Management LLC purchased a new stake in shares of Mondelez International in the 4th quarter worth $26,000. Prospera Private Wealth LLC bought a new position in Mondelez International in the 3rd quarter worth $27,000. Hager Investment Management Services LLC purchased a new position in Mondelez International during the fourth quarter valued at $27,000. Finally, McClarren Financial Advisors Inc. bought a new stake in Mondelez International during the fourth quarter valued at about $32,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on MDLZ shares. Mizuho lifted their price objective on Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, February 14th. DZ Bank downgraded shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target on the stock. in a report on Friday, February 7th. Piper Sandler cut shares of Mondelez International from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $70.00 to $63.00 in a research note on Friday, January 31st. Stifel Nicolaus lowered their target price on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Finally, Argus lowered Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.74.

Mondelez International Price Performance

MDLZ stock opened at $64.25 on Friday. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The firm has a market capitalization of $83.11 billion, a P/E ratio of 18.79, a price-to-earnings-growth ratio of 4.34 and a beta of 0.54. The company has a fifty day simple moving average of $59.41 and a two-hundred day simple moving average of $65.71. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is 54.97%.

Mondelez International announced that its board has authorized a stock buyback plan 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 stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

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.