Rosenberg Matthew Hamilton Sells 1,418 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Rosenberg Matthew Hamilton trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 35.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,582 shares of the company’s stock after selling 1,418 shares during the period. Rosenberg Matthew Hamilton’s holdings in Mondelez International were worth $154,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MRA Advisory Group lifted its position in Mondelez International by 40.3% during the fourth quarter. MRA Advisory Group now owns 7,808 shares of the company’s stock valued at $466,000 after purchasing an additional 2,242 shares during the last quarter. Johnson & White Wealth Management LLC purchased a new stake in shares of Mondelez International during the 4th quarter valued at $403,000. Greenfield Savings Bank lifted its holdings in shares of Mondelez International by 3.3% during the 4th quarter. Greenfield Savings Bank now owns 18,487 shares of the company’s stock worth $1,104,000 after acquiring an additional 583 shares during the last quarter. AdvisorNet Financial Inc lifted its holdings in shares of Mondelez International by 23.7% during the 4th quarter. AdvisorNet Financial Inc now owns 4,877 shares of the company’s stock worth $291,000 after acquiring an additional 934 shares during the last quarter. Finally, First Financial Corp IN grew its position in Mondelez International by 2.5% in the fourth quarter. First Financial Corp IN now owns 13,032 shares of the company’s stock worth $778,000 after acquiring an additional 318 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

MDLZ opened at $57.10 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The stock has a market capitalization of $76.35 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 2.80 and a beta of 0.54. The stock’s 50 day moving average price is $62.11 and its 200-day moving average price is $67.44. Mondelez International, Inc. has a 52-week low of $55.97 and a 52-week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last released 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. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.11 billion. During the same quarter in the previous year, the business posted $0.82 earnings per share. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, equities research analysts predict that Mondelez International, Inc. will post 3.48 EPS for the current year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.29%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s dividend payout ratio is currently 66.67%.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on MDLZ shares. Citigroup lowered their price target on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft cut Mondelez International from a “buy” rating to a “hold” rating and decreased their price objective for the company from $78.00 to $67.00 in a report on Thursday, December 12th. Redburn Atlantic initiated coverage on Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price for the company. The Goldman Sachs Group reduced their price target on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Piper Sandler boosted their price objective on shares of Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $76.79.

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.