West Oak Capital LLC Trims Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

West Oak Capital LLC lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 27.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,000 shares of the company’s stock after selling 380 shares during the period. West Oak Capital LLC’s holdings in Mondelez International were worth $60,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Private Advisor Group LLC lifted its stake in shares of Mondelez International by 4.1% during the 2nd quarter. Private Advisor Group LLC now owns 57,102 shares of the company’s stock worth $3,737,000 after purchasing an additional 2,270 shares during the period. Andra AP fonden lifted its position in Mondelez International by 15.3% during the second quarter. Andra AP fonden now owns 101,900 shares of the company’s stock worth $6,668,000 after buying an additional 13,500 shares during the period. MGO One Seven LLC grew its holdings in Mondelez International by 1.6% in the 2nd quarter. MGO One Seven LLC now owns 15,857 shares of the company’s stock valued at $1,038,000 after buying an additional 251 shares during the period. HHM Wealth Advisors LLC grew its holdings in Mondelez International by 309.3% in the 2nd quarter. HHM Wealth Advisors LLC now owns 1,637 shares of the company’s stock valued at $107,000 after buying an additional 1,237 shares during the period. Finally, LPL Financial LLC increased its stake in shares of Mondelez International by 4.3% during the 2nd quarter. LPL Financial LLC now owns 1,381,246 shares of the company’s stock valued at $90,389,000 after acquiring an additional 57,159 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on MDLZ. Piper Sandler boosted their target price on shares of Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Evercore ISI lifted their target price on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Deutsche Bank Aktiengesellschaft lowered Mondelez International from a “buy” rating to a “hold” rating and dropped their price target for the stock from $78.00 to $67.00 in a research note on Thursday, December 12th. 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. Finally, Stifel Nicolaus raised their price target on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and a consensus price target of $77.64.

Mondelez International Stock Down 3.5 %

MDLZ traded down $2.04 on Friday, reaching $56.25. The company’s stock had a trading volume of 11,667,989 shares, compared to its average volume of 8,961,809. Mondelez International, Inc. has a 1 year low of $56.21 and a 1 year high of $77.20. The business’s 50 day moving average is $62.83 and its 200 day moving average is $67.65. 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 stock has a market cap of $75.22 billion, a price-to-earnings ratio of 19.95, a price-to-earnings-growth ratio of 2.80 and a beta of 0.54.

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

Mondelez International announced that its board has initiated a share repurchase plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be paid a $0.47 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 3.34%. Mondelez International’s payout ratio is currently 66.67%.

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.