EverSource Wealth Advisors LLC Sells 408 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

EverSource Wealth Advisors LLC lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 7.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,967 shares of the company’s stock after selling 408 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Mondelez International were worth $297,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Truvestments Capital LLC purchased a new position in Mondelez International during the 3rd quarter worth $25,000. Marshall Investment Management LLC purchased a new position in Mondelez International during the fourth quarter worth about $26,000. Prospera Private Wealth LLC bought a new stake in Mondelez International in the 3rd quarter worth about $27,000. Hager Investment Management Services LLC purchased a new stake in Mondelez International in the 4th quarter valued at about $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of Mondelez International during the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $64.31 on Friday. The company’s 50 day simple moving average is $60.69 and its two-hundred day simple moving average is $65.38. The stock has a market capitalization of $83.19 billion, a PE ratio of 18.80, a P/E/G ratio of 4.34 and a beta of 0.50. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share (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%. Analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio is currently 54.97%.

Mondelez International declared that its Board of Directors has approved a share buyback program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of several recent analyst reports. Wells Fargo & Company reduced their target price on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. UBS Group decreased their target price on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Piper Sandler lowered shares of Mondelez International from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $70.00 to $63.00 in a research report on Friday, January 31st. Stifel Nicolaus lowered their price objective on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Finally, Argus downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $69.74.

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.