Holland Advisory Services Inc. Trims Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Holland Advisory Services Inc. lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 13.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,640 shares of the company’s stock after selling 1,227 shares during the period. Mondelez International accounts for about 0.6% of Holland Advisory Services Inc.’s holdings, making the stock its 21st biggest position. Holland Advisory Services Inc.’s holdings in Mondelez International were worth $456,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Truvestments Capital LLC purchased a new position in Mondelez International during the 3rd quarter worth $25,000. Prospera Private Wealth LLC acquired a new position in shares of Mondelez International during the third quarter worth about $27,000. Richardson Financial Services Inc. raised its holdings in Mondelez International by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares in the last quarter. Highline Wealth Partners LLC acquired a new stake in Mondelez International in the third quarter valued at about $38,000. Finally, Hara Capital LLC purchased a new stake in Mondelez International in the 3rd quarter valued at approximately $45,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MDLZ. Stifel Nicolaus increased their target price on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Piper Sandler cut their price objective on Mondelez International from $84.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday. UBS Group decreased their target price on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday. Citigroup lowered their price target on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Mondelez International from a “buy” rating to a “hold” rating and reduced their price objective for the company from $78.00 to $67.00 in a research note on Thursday, December 12th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.93.

Mondelez International Trading Down 0.2 %

Shares of MDLZ opened at $57.86 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. Mondelez International, Inc. has a 1-year low of $55.97 and a 1-year high of $77.20. The stock has a market cap of $77.37 billion, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 2.99 and a beta of 0.54. The firm has a 50 day simple moving average of $61.76 and a 200-day simple moving average of $67.30.

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, topping the consensus estimate of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. During the same quarter last year, the business posted $0.82 earnings per share. Mondelez International’s revenue was up 1.9% compared to the same quarter last year. Equities analysts forecast that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

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

Mondelez International Dividend Announcement

The company 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 was Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.25%. Mondelez International’s dividend payout ratio is currently 66.67%.

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.