Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Procyon Advisors LLC

Procyon Advisors LLC cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 9.6% in the fourth quarter, HoldingsChannel reports. The fund owned 27,130 shares of the company’s stock after selling 2,873 shares during the period. Procyon Advisors LLC’s holdings in Mondelez International were worth $1,620,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of MDLZ. Truvestments Capital LLC purchased a new stake in shares of Mondelez International during the 3rd quarter worth about $25,000. Prospera Private Wealth LLC acquired a new position in Mondelez International in the 3rd quarter worth about $27,000. Richardson Financial Services Inc. boosted its position 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 approximately $38,000. Finally, Hara Capital LLC purchased a new stake in shares of Mondelez International in the third quarter valued at approximately $45,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Down 0.2 %

Shares of NASDAQ:MDLZ opened at $57.86 on Friday. Mondelez International, Inc. has a 52-week low of $55.97 and a 52-week high of $77.20. The stock has a market cap of $77.37 billion, a P/E ratio of 20.52, a PEG ratio of 2.99 and a beta of 0.54. The business has a fifty day moving average of $61.76 and a two-hundred day moving average of $67.30. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.14. The firm had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. Mondelez International’s revenue was up 1.9% compared to the same quarter last year. During the same period last year, the business earned $0.82 earnings per share. On average, research analysts expect that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Mondelez International announced that its board has initiated a stock repurchase program on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to buy up to 10.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s dividend payout ratio is presently 66.67%.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of a number of recent analyst reports. Redburn Atlantic initiated coverage on Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 target price on the stock. Bank of America increased their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Stifel Nicolaus boosted their target price on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $61.00 price target (down from $74.00) on shares of Mondelez International in a research note on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft lowered Mondelez International from a “buy” rating to a “hold” rating and cut their price objective for the stock from $78.00 to $67.00 in a research note on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $74.93.

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.