Alpha Cubed Investments LLC Sells 377 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Alpha Cubed Investments LLC cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 8.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,182 shares of the company’s stock after selling 377 shares during the period. Alpha Cubed Investments LLC’s holdings in Mondelez International were worth $250,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of MDLZ. Mizuho Securities USA LLC grew its position in Mondelez International by 12,057.4% during the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock worth $926,327,000 after buying an additional 12,470,573 shares in the last quarter. Ilex Capital Partners UK LLP purchased a new position in shares of Mondelez International during the third quarter worth about $219,045,000. FMR LLC increased its position in shares of Mondelez International by 14.2% in the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock worth $1,344,894,000 after purchasing an additional 2,268,639 shares during the last quarter. Holocene Advisors LP purchased a new stake in Mondelez International in the third quarter valued at approximately $159,823,000. Finally, National Bank of Canada FI lifted its position in Mondelez International by 173.7% during the third quarter. National Bank of Canada FI now owns 3,049,440 shares of the company’s stock valued at $224,652,000 after purchasing an additional 1,935,356 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Down 0.4 %

NASDAQ MDLZ opened at $57.60 on Wednesday. Mondelez International, Inc. has a 1 year low of $55.97 and a 1 year high of $77.20. The stock has a market capitalization of $77.02 billion, a PE ratio of 20.43, a PEG ratio of 3.12 and a beta of 0.54. 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 business’s 50-day moving average is $61.43 and its 200 day moving average is $67.20.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. The firm had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the company earned $0.82 EPS. Sell-side analysts forecast that Mondelez International, Inc. will post 3.47 earnings per share for the current year.

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

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s payout ratio is currently 66.67%.

Analyst Upgrades and Downgrades

MDLZ has been the topic of a number of research analyst reports. Evercore ISI increased their price target on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Stifel Nicolaus raised their price target on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, October 25th. UBS Group cut their price objective on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Jefferies Financial Group downgraded 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 research report on Tuesday. Finally, 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. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and a consensus price target of $74.13.

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.