Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Ridgecrest Wealth Partners LLC

Ridgecrest Wealth Partners LLC lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 16.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,008 shares of the company’s stock after selling 1,200 shares during the period. Ridgecrest Wealth Partners LLC’s holdings in Mondelez International were worth $359,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Czech National Bank boosted its holdings in shares of Mondelez International by 6.5% during the fourth quarter. Czech National Bank now owns 289,931 shares of the company’s stock valued at $17,318,000 after acquiring an additional 17,815 shares during the period. Legacy Private Trust Co. boosted its stake in Mondelez International by 33.2% during the 4th quarter. Legacy Private Trust Co. now owns 3,841 shares of the company’s stock valued at $229,000 after purchasing an additional 957 shares during the period. Benjamin Edwards Inc. grew its position in Mondelez International by 1,904.9% in the 3rd quarter. Benjamin Edwards Inc. now owns 425,805 shares of the company’s stock worth $31,369,000 after purchasing an additional 404,567 shares during the last quarter. Kingsview Wealth Management LLC increased its stake in shares of Mondelez International by 14.3% in the third quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company’s stock valued at $8,430,000 after purchasing an additional 14,278 shares during the period. Finally, Miracle Mile Advisors LLC raised its holdings in shares of Mondelez International by 374.9% during the fourth quarter. Miracle Mile Advisors LLC now owns 22,124 shares of the company’s stock valued at $1,321,000 after buying an additional 17,465 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of several recent analyst reports. Bank of America lifted their target price on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Jefferies Financial Group cut Mondelez International from a “buy” rating to a “hold” rating and dropped their target price for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. Wells Fargo & Company reiterated an “equal weight” rating and set a $61.00 price target (down from $74.00) on shares of Mondelez International in a research report on Tuesday, January 7th. Stifel Nicolaus cut their price objective on Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a report on Friday. Finally, Redburn Atlantic initiated coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target for the company. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and an average target price of $73.06.

Mondelez International Stock Up 0.8 %

Shares of Mondelez International stock opened at $57.42 on Monday. Mondelez International, Inc. has a 1 year low of $55.97 and a 1 year high of $77.20. The company has a market cap of $76.78 billion, a P/E ratio of 20.36, a P/E/G ratio of 2.96 and a beta of 0.54. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The stock has a 50-day moving average price of $60.74 and a 200 day moving average price of $66.95.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.85 by $0.14. The business 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 firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the company posted $0.82 earnings per share. As a group, analysts expect that Mondelez International, Inc. will post 3.45 EPS for the current fiscal year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.

Mondelez International declared that its Board of Directors has authorized a stock repurchase program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 10.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

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.