Empirical Finance LLC Sells 671 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Empirical Finance LLC cut its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,529 shares of the company’s stock after selling 671 shares during the quarter. Empirical Finance LLC’s holdings in Mondelez International were worth $2,779,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Truvestments Capital LLC bought a new position in shares of Mondelez International during the 3rd quarter valued at about $25,000. Prospera Private Wealth LLC purchased a new stake in Mondelez International during the 3rd quarter valued at about $27,000. Hager Investment Management Services LLC purchased a new stake in Mondelez International during the 4th quarter valued at about $27,000. Richardson Financial Services Inc. boosted its holdings in Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after acquiring an additional 200 shares during the period. Finally, Highline Wealth Partners LLC purchased a new stake in Mondelez International during the 3rd quarter valued at about $38,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Performance

MDLZ stock opened at $58.45 on Friday. The company has a market cap of $78.16 billion, a P/E ratio of 17.09, a price-to-earnings-growth ratio of 4.04 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.42. The stock’s fifty day moving average price is $59.34 and its 200-day moving average price is $66.35. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. On average, equities analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International announced that its Board of Directors has authorized a stock buyback program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 10.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors 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 paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 3.22%. Mondelez International’s payout ratio is currently 54.97%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MDLZ. Wells Fargo & Company dropped their target price on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a report on Wednesday. Deutsche Bank Aktiengesellschaft dropped their price objective on Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a report on Wednesday, January 22nd. Piper Sandler cut Mondelez International from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $70.00 to $63.00 in a report on Friday, January 31st. DZ Bank cut Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective for the company. in a report on Friday. Finally, The Goldman Sachs Group dropped their price objective on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a report on Thursday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.72.

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.