Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,801 shares of the company’s stock after selling 437 shares during the period. Resonant Capital Advisors LLC’s holdings in Mondelez International were worth $470,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new position in shares of Mondelez International in the 3rd quarter valued at $25,000. Prospera Private Wealth LLC acquired a new position in Mondelez International in the third quarter valued at $27,000. Richardson Financial Services Inc. grew its holdings in shares of Mondelez International by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares during the last quarter. Highline Wealth Partners LLC acquired a new stake in shares of Mondelez International during the third quarter worth about $38,000. Finally, Hara Capital LLC purchased a new stake in shares of Mondelez International in the 3rd quarter valued at about $45,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Trading Down 1.0 %

NASDAQ:MDLZ opened at $57.41 on Tuesday. Mondelez International, Inc. has a 52-week low of $55.97 and a 52-week high of $76.69. 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 stock has a fifty day simple moving average of $60.09 and a 200-day simple moving average of $66.67. The company has a market capitalization of $76.77 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 3.12 and a beta of 0.54.

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

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s payout ratio is currently 66.67%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Stifel Nicolaus dropped their price target on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. UBS Group cut their target price on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. The Goldman Sachs Group decreased their price target on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Royal Bank of Canada restated an “outperform” rating and issued a $75.00 price objective on shares of Mondelez International in a research note on Thursday, January 30th. Finally, Piper Sandler downgraded 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. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and an average price target of $72.76.

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.