Smith Salley Wealth Management Sells 497 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Smith Salley Wealth Management cut its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,530 shares of the company’s stock after selling 497 shares during the period. Smith Salley Wealth Management’s holdings in Mondelez International were worth $1,883,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MDLZ. Truvestments Capital LLC bought a new position in Mondelez International during the third quarter worth about $25,000. Prospera Private Wealth LLC bought a new position in shares of Mondelez International during the 3rd quarter worth approximately $27,000. Richardson Financial Services Inc. boosted its stake in shares of Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after acquiring an additional 200 shares during the period. Highline Wealth Partners LLC bought a new stake in Mondelez International in the 3rd quarter valued at $38,000. Finally, Hara Capital LLC acquired a new stake in Mondelez International during the 3rd quarter valued at $45,000. 78.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on MDLZ. The Goldman Sachs Group decreased their price objective on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Citigroup lowered their price target on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Piper Sandler reduced their price objective on Mondelez International from $84.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday. UBS Group decreased their target price on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Redburn Atlantic assumed coverage on Mondelez International in a report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target for the company. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $74.93.

Mondelez International Trading Down 0.2 %

Shares of Mondelez International stock opened at $57.86 on Friday. The firm’s 50-day moving average price is $61.59 and its two-hundred day moving average price is $67.24. The company has a market capitalization of $77.37 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 2.99 and a beta of 0.54. 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 12-month low of $55.97 and a 12-month high of $77.20.

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

Mondelez International Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.25%. Mondelez International’s dividend payout ratio (DPR) is currently 66.67%.

Mondelez International declared that its Board of Directors has approved a stock buyback program on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to reacquire up to 10.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

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.