Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by GAMMA Investing LLC

GAMMA Investing LLC lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 26.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,123 shares of the company’s stock after selling 5,571 shares during the quarter. GAMMA Investing LLC’s holdings in Mondelez International were worth $903,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Truvestments Capital LLC purchased a new position in shares of Mondelez International in the third quarter worth about $25,000. Prospera Private Wealth LLC acquired a new stake in Mondelez International in the 3rd quarter valued at about $27,000. Richardson Financial Services Inc. lifted 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 purchasing an additional 200 shares in the last quarter. Highline Wealth Partners LLC acquired a new position in shares of Mondelez International during the 3rd quarter worth approximately $38,000. Finally, Hara Capital LLC purchased a new stake in shares of Mondelez International in the third quarter valued at approximately $45,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of MDLZ opened at $59.86 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a fifty-two week low of $58.90 and a fifty-two week high of $77.20. The company has a market cap of $80.04 billion, a P/E ratio of 21.23, a PEG ratio of 2.80 and a beta of 0.53. The firm’s 50 day moving average price is $63.71 and its 200 day moving average price is $67.87.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data 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 business had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 earnings per share. On average, research analysts forecast that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Mondelez International announced that its Board of Directors has authorized a stock buyback plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 10.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend is Tuesday, December 31st. Mondelez International’s payout ratio is presently 66.67%.

Analysts Set New Price Targets

MDLZ has been the topic of a number of analyst reports. Piper Sandler lifted their price objective on Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Stifel Nicolaus boosted their price target on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Evercore ISI raised their price objective 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. Deutsche Bank Aktiengesellschaft cut shares of Mondelez International from a “buy” rating to a “hold” rating and dropped their price target for the company from $78.00 to $67.00 in a research note on Thursday, December 12th. Finally, Redburn Atlantic started coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target on the stock. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $79.07.

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.