Farther Finance Advisors LLC Lowers Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Farther Finance Advisors LLC decreased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 19.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,047 shares of the company’s stock after selling 2,902 shares during the period. Farther Finance Advisors LLC’s holdings in Mondelez International were worth $720,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Truvestments Capital LLC purchased a new stake in shares of Mondelez International in the third quarter valued at approximately $25,000. Marshall Investment Management LLC purchased a new stake in Mondelez International during the 4th quarter worth approximately $26,000. Prospera Private Wealth LLC acquired a new position in shares of Mondelez International during the third quarter valued at approximately $27,000. Hager Investment Management Services LLC purchased a new position in shares of Mondelez International in the fourth quarter valued at approximately $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of Mondelez International in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Price Performance

Mondelez International stock opened at $64.31 on Friday. The company’s 50 day simple moving average is $60.69 and its 200-day simple moving average is $65.38. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The company has a market capitalization of $83.19 billion, a price-to-earnings ratio of 18.80, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50.

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

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

Mondelez International Announces Dividend

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

Analyst Ratings Changes

MDLZ has been the subject of several recent research reports. The Goldman Sachs Group reduced their price objective on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Argus downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Mizuho upped their price objective on shares of Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, February 14th. Piper Sandler lowered shares of Mondelez International from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $70.00 to $63.00 in a research note on Friday, January 31st. Finally, Jefferies Financial Group cut Mondelez International from a “buy” rating to a “hold” rating and lowered their target price for the stock from $75.00 to $62.00 in a report 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.