Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,799 shares of the company’s stock after selling 452 shares during the period. Checchi Capital Advisers LLC’s holdings in Mondelez International were worth $944,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MDLZ. Truvestments Capital LLC acquired a new position in shares of Mondelez International during the third quarter valued at $25,000. Marshall Investment Management LLC acquired a new position in shares of Mondelez International during the fourth quarter valued at $26,000. Prospera Private Wealth LLC acquired a new position in shares of Mondelez International during the third quarter valued at $27,000. Hager Investment Management Services LLC acquired a new position in shares of Mondelez International during the fourth quarter valued at $27,000. Finally, McClarren Financial Advisors Inc. acquired a new position in shares of Mondelez International during the fourth quarter valued at $32,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. DZ Bank cut Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 target price for the company. in a research note on Friday, February 7th. Argus cut Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Piper Sandler cut Mondelez International from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $70.00 to $63.00 in a research note on Friday, January 31st. Mizuho raised their target price on Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, February 14th. Finally, Jefferies Financial Group cut Mondelez International from a “buy” rating to a “hold” rating and decreased their target price for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $69.74.

Mondelez International Trading Down 3.7 %

Shares of NASDAQ MDLZ opened at $63.45 on Thursday. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The firm has a market capitalization of $82.07 billion, a PE ratio of 18.55, a PEG ratio of 4.34 and a beta of 0.54. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The business has a 50-day moving average price of $59.21 and a two-hundred day moving average price of $65.79.

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

Mondelez International announced that its Board of Directors has approved a share buyback program on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to purchase up to 10.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a yield of 2.96%. Mondelez International’s payout ratio is presently 54.97%.

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.