Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Lederer & Associates Investment Counsel CA

Lederer & Associates Investment Counsel CA lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,956 shares of the company’s stock after selling 192 shares during the period. Lederer & Associates Investment Counsel CA’s holdings in Mondelez International were worth $774,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Truvestments Capital LLC acquired a new stake in shares of Mondelez International during the third quarter valued at $25,000. Prospera Private Wealth LLC acquired a new stake in shares of Mondelez International during the third quarter valued at $27,000. Richardson Financial Services Inc. boosted its stake in Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after buying an additional 200 shares during the last quarter. Highline Wealth Partners LLC acquired a new stake in Mondelez International in the 3rd quarter worth about $38,000. Finally, Albion Financial Group UT acquired a new stake in Mondelez International in the 4th quarter worth about $38,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Down 0.7 %

MDLZ opened at $57.99 on Monday. Mondelez International, Inc. has a fifty-two week low of $55.97 and a fifty-two week high of $77.20. The business has a 50-day moving average of $60.09 and a 200-day moving average of $66.67. 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 company has a market capitalization of $77.54 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 3.12 and a beta of 0.54.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s dividend payout ratio is 66.67%.

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

Analysts Set New Price Targets

A number of analysts have issued reports on the company. The Goldman Sachs Group decreased their price target on Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Wells Fargo & Company reissued 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. Bank of America lifted their price objective on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Stifel Nicolaus reduced their price objective on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Wednesday, January 22nd. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.76.

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.