Avantax Advisory Services Inc. Sells 3,025 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Avantax Advisory Services Inc. lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 93,324 shares of the company’s stock after selling 3,025 shares during the period. Avantax Advisory Services Inc.’s holdings in Mondelez International were worth $5,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of MDLZ. United Bank raised its stake in shares of Mondelez International by 12.7% during the third quarter. United Bank now owns 22,649 shares of the company’s stock valued at $1,669,000 after acquiring an additional 2,549 shares in the last quarter. Versor Investments LP bought a new stake in shares of Mondelez International during the third quarter valued at approximately $243,000. Nations Financial Group Inc. IA ADV bought a new stake in shares of Mondelez International during the third quarter valued at approximately $262,000. Oppenheimer Asset Management Inc. raised its stake in shares of Mondelez International by 158.1% during the third quarter. Oppenheimer Asset Management Inc. now owns 110,955 shares of the company’s stock valued at $8,174,000 after acquiring an additional 67,960 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its stake in shares of Mondelez International by 8.3% during the third quarter. Oppenheimer & Co. Inc. now owns 43,897 shares of the company’s stock valued at $3,234,000 after acquiring an additional 3,373 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Down 0.6 %

NASDAQ:MDLZ opened at $64.31 on Friday. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The firm has a fifty day simple moving average of $60.69 and a 200-day simple moving average of $65.42. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $83.19 billion, a P/E ratio of 18.80, a PEG ratio of 4.34 and a beta of 0.50.

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

Mondelez International announced that its board has approved a stock buyback program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to purchase up to 10.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.92%. Mondelez International’s payout ratio is currently 54.97%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MDLZ. Citigroup decreased their price target on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Dbs Bank lowered shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. Mizuho lifted their price objective on shares of Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, February 14th. The Goldman Sachs Group cut their price objective on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Finally, DZ Bank lowered shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective on the stock. in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.74.

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.