Quadrant Capital Group LLC Has $608,000 Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Quadrant Capital Group LLC reduced its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 18.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 10,176 shares of the company’s stock after selling 2,230 shares during the quarter. Quadrant Capital Group LLC’s holdings in Mondelez International were worth $608,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Marshall Investment Management LLC bought a new position in Mondelez International during the 4th quarter worth $26,000. Hager Investment Management Services LLC bought a new position in shares of Mondelez International in the 4th quarter worth about $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in Mondelez International in the fourth quarter worth approximately $31,000. Sierra Ocean LLC acquired a new stake in Mondelez International in the fourth quarter worth $32,000. Finally, McClarren Financial Advisors Inc. bought a new stake in Mondelez International in the 4th quarter valued at about $32,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Down 2.3 %

Shares of Mondelez International stock opened at $66.31 on Monday. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The firm has a market cap of $85.77 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 4.34 and a beta of 0.47. The company has a 50-day moving average of $63.25 and a 200 day moving average of $64.47. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share 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%. As a group, sell-side 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. Shareholders of record on Monday, March 31st will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is 54.97%.

Mondelez International declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 10.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MDLZ. Stifel Nicolaus cut their price objective on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, January 24th. DZ Bank downgraded Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 target price on the stock. in a research note on Friday, February 7th. Piper Sandler increased their price target on Mondelez International from $56.00 to $59.00 and gave the company a “neutral” rating in a research report on Thursday, March 27th. Barclays cut their price objective on Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Finally, UBS Group lowered their target price on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $70.20.

About Mondelez International

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.