Portside Wealth Group LLC Trims Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Portside Wealth Group LLC decreased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,156 shares of the company’s stock after selling 368 shares during the period. Portside Wealth Group LLC’s holdings in Mondelez International were worth $1,204,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Monarch Capital Management Inc. lifted its stake in shares of Mondelez International by 9.4% in the 4th quarter. Monarch Capital Management Inc. now owns 3,475 shares of the company’s stock valued at $209,000 after purchasing an additional 300 shares during the last quarter. Ameritas Advisory Services LLC boosted its stake in Mondelez International by 56.5% during the fourth quarter. Ameritas Advisory Services LLC now owns 4,903 shares of the company’s stock worth $293,000 after buying an additional 1,771 shares during the period. HB Wealth Management LLC boosted its stake in Mondelez International by 9.6% during the fourth quarter. HB Wealth Management LLC now owns 80,808 shares of the company’s stock worth $4,827,000 after buying an additional 7,087 shares during the period. Alhambra Investment Management LLC increased its position in shares of Mondelez International by 18.6% during the fourth quarter. Alhambra Investment Management LLC now owns 6,354 shares of the company’s stock valued at $380,000 after acquiring an additional 998 shares during the last quarter. Finally, Integrated Investment Consultants LLC purchased a new stake in shares of Mondelez International in the 4th quarter valued at approximately $749,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Down 0.2 %

MDLZ opened at $57.86 on Friday. The stock has a market capitalization of $77.37 billion, a P/E ratio of 20.52, a price-to-earnings-growth ratio of 2.99 and a beta of 0.54. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. Mondelez International, Inc. has a one year low of $55.97 and a one year high of $77.20. The business’s 50-day simple moving average is $61.59 and its 200-day simple moving average is $67.24.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The company had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. During the same period last year, the firm posted $0.82 EPS. Mondelez International’s revenue for the quarter was up 1.9% on a year-over-year basis. Analysts anticipate that Mondelez International, Inc. will post 3.48 EPS for the current year.

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

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were issued a dividend of $0.47 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 3.25%. Mondelez International’s dividend payout ratio is currently 66.67%.

Analyst Ratings Changes

Several research firms recently weighed in on MDLZ. Piper Sandler dropped their target price on shares of Mondelez International from $84.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $61.00 price objective (down from $74.00) on shares of Mondelez International in a research note on Tuesday, January 7th. Stifel Nicolaus increased their target price on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. The Goldman Sachs Group dropped their target price on Mondelez International from $79.00 to $68.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Finally, 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 research report on Thursday, September 26th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and a consensus target price of $74.93.

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.