Investors Asset Management of Georgia Inc. GA ADV Lowers Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Investors Asset Management of Georgia Inc. GA ADV reduced its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,326 shares of the company’s stock after selling 610 shares during the period. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Mondelez International were worth $1,095,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of MDLZ. Truvestments Capital LLC acquired a new stake in Mondelez International during the third quarter worth about $25,000. Prospera Private Wealth LLC purchased a new position in shares of Mondelez International in the 3rd quarter valued at about $27,000. Hager Investment Management Services LLC acquired a new stake in Mondelez International during the 4th quarter worth $27,000. Richardson Financial Services Inc. lifted its stake in Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after buying an additional 200 shares during the last quarter. Finally, McClarren Financial Advisors Inc. acquired a new stake in shares of Mondelez International during the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

NASDAQ MDLZ opened at $62.17 on Friday. The business’s fifty day moving average is $58.92 and its two-hundred day moving average is $65.94. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The stock has a market capitalization of $80.42 billion, a P/E ratio of 18.18, a P/E/G ratio of 4.32 and a beta of 0.54. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. On average, research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be paid a $0.47 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.02%. Mondelez International’s payout ratio is presently 54.97%.

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

Analyst Upgrades and Downgrades

MDLZ has been the topic of several recent analyst reports. Piper Sandler cut Mondelez International from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $70.00 to $63.00 in a research report on Friday, January 31st. Barclays lowered their price objective on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. The Goldman Sachs Group dropped their target price on Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Jefferies Financial Group lowered Mondelez International from a “buy” rating to a “hold” rating and cut their target price for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and an average target price of $69.74.

Mondelez International Company 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.