Phillips Wealth Planners LLC Sells 2,415 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Phillips Wealth Planners LLC lessened its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 39.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,662 shares of the company’s stock after selling 2,415 shares during the period. Phillips Wealth Planners LLC’s holdings in Mondelez International were worth $206,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Daymark Wealth Partners LLC lifted its stake in shares of Mondelez International by 3.4% in the fourth quarter. Daymark Wealth Partners LLC now owns 16,631 shares of the company’s stock worth $993,000 after buying an additional 542 shares in the last quarter. Albion Financial Group UT bought a new position in shares of Mondelez International in the fourth quarter worth approximately $38,000. Advisory Alpha LLC lifted its stake in shares of Mondelez International by 12.5% in the fourth quarter. Advisory Alpha LLC now owns 9,957 shares of the company’s stock worth $595,000 after buying an additional 1,104 shares in the last quarter. Davis Capital Management lifted its stake in shares of Mondelez International by 19.7% in the fourth quarter. Davis Capital Management now owns 11,366 shares of the company’s stock worth $679,000 after buying an additional 1,872 shares in the last quarter. Finally, Eads & Heald Wealth Management lifted its stake in shares of Mondelez International by 3.6% in the fourth quarter. Eads & Heald Wealth Management now owns 8,505 shares of the company’s stock worth $508,000 after buying an additional 295 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

MDLZ has been the topic of several analyst reports. Citigroup dropped their target price 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. UBS Group lowered their price objective 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, January 16th. 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 research report on Tuesday, October 15th. Stifel Nicolaus increased their price objective on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Evercore ISI increased their price objective on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.81.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ opened at $56.31 on Thursday. The firm has a fifty day moving average price of $61.25 and a 200-day moving average price of $67.13. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. The stock has a market cap of $75.30 billion, a PE ratio of 19.97, a price-to-earnings-growth ratio of 3.12 and a beta of 0.54. Mondelez International, Inc. has a 1 year low of $55.97 and a 1 year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.82 earnings per share. Equities analysts anticipate that Mondelez International, Inc. will post 3.46 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a $0.47 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.34%. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.

Mondelez International declared that its board has authorized a stock buyback plan 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 shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Mondelez International 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.