Mondelez International, Inc. (NASDAQ:MDLZ) Stock Position Decreased by Eagle Wealth Strategies LLC

Eagle Wealth Strategies LLC decreased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 24.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,734 shares of the company’s stock after selling 1,529 shares during the quarter. Eagle Wealth Strategies LLC’s holdings in Mondelez International were worth $283,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in MDLZ. State Street Corp grew its position in Mondelez International by 3.2% in the third quarter. State Street Corp now owns 60,151,987 shares of the company’s stock worth $4,459,239,000 after acquiring an additional 1,851,247 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Mondelez International by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 28,204,955 shares of the company’s stock valued at $2,069,906,000 after purchasing an additional 341,203 shares during the last quarter. FMR LLC boosted its holdings in 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 in the last quarter. Massachusetts Financial Services Co. MA increased its position in Mondelez International by 2.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 17,215,182 shares of the company’s stock worth $1,268,242,000 after buying an additional 489,068 shares during the last quarter. Finally, Mizuho Securities USA LLC raised its holdings 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 valued at $926,327,000 after buying an additional 12,470,573 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $57.60 on Wednesday. The firm 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 current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 1-year low of $55.97 and a 1-year high of $77.20. The business’s 50 day moving average is $61.25 and its 200-day moving average is $67.13.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results 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 the consensus estimate of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.82 earnings per share. Sell-side analysts predict that Mondelez International, Inc. will post 3.47 earnings per share for the current year.

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

Mondelez International Announces Dividend

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

Analyst Ratings Changes

Several analysts have recently issued reports on MDLZ shares. Stifel Nicolaus upped their price target on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Bank of America upped their target price on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Piper Sandler dropped their price target on shares of Mondelez International from $84.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Jefferies Financial Group downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $75.00 to $62.00 in a report on Tuesday. Finally, The Goldman Sachs Group lowered their target price on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. 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.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $73.81.

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.