TCI Wealth Advisors Inc. Sells 482 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

TCI Wealth Advisors Inc. decreased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 10.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,946 shares of the company’s stock after selling 482 shares during the period. TCI Wealth Advisors Inc.’s holdings in Mondelez International were worth $236,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Mondelez International during the second quarter valued at $8,059,000. Czech National Bank increased its stake in Mondelez International by 6.5% during the 3rd quarter. Czech National Bank now owns 272,116 shares of the company’s stock valued at $20,047,000 after purchasing an additional 16,507 shares in the last quarter. Apella Capital LLC raised its holdings in Mondelez International by 8.3% in the third quarter. Apella Capital LLC now owns 3,455 shares of the company’s stock worth $250,000 after buying an additional 265 shares during the last quarter. MRA Advisory Group lifted its stake in shares of Mondelez International by 7.7% in the third quarter. MRA Advisory Group now owns 5,566 shares of the company’s stock worth $410,000 after buying an additional 400 shares in the last quarter. Finally, Thrive Wealth Management LLC grew its holdings in shares of Mondelez International by 5.4% during the third quarter. Thrive Wealth Management LLC now owns 4,622 shares of the company’s stock valued at $340,000 after buying an additional 235 shares during the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. UBS Group decreased their price objective on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Piper Sandler downgraded Mondelez International from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $70.00 to $63.00 in a report on Friday. Citigroup reduced their price objective on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Stifel Nicolaus lowered their target price on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research note on Wednesday, January 22nd. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $72.76.

Mondelez International Stock Down 0.7 %

NASDAQ MDLZ opened at $57.99 on Friday. Mondelez International, Inc. has a 52 week low of $55.97 and a 52 week high of $77.20. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $77.54 billion, a P/E ratio of 20.56, a price-to-earnings-growth ratio of 3.05 and a beta of 0.54. The stock’s 50-day moving average price is $60.22 and its 200-day moving average price is $66.71.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.14. The business had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.82 earnings per share. On average, equities research analysts predict that Mondelez International, Inc. will post 3.44 earnings per share for the current year.

Mondelez International announced that its board has approved a share buyback plan on Wednesday, December 11th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 10.7% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is 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.