Parthenon LLC Sells 3,400 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Parthenon LLC lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 168,708 shares of the company’s stock after selling 3,400 shares during the quarter. Mondelez International accounts for about 1.2% of Parthenon LLC’s holdings, making the stock its 25th largest position. Parthenon LLC’s holdings in Mondelez International were worth $10,077,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Truvestments Capital LLC bought a new position in shares of Mondelez International during the 3rd quarter worth approximately $25,000. Prospera Private Wealth LLC bought a new stake in Mondelez International in the third quarter valued at $27,000. Hager Investment Management Services LLC acquired a new position in Mondelez International during the fourth quarter worth $27,000. Richardson Financial Services Inc. lifted 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 valued at $28,000 after acquiring an additional 200 shares during the period. Finally, McClarren Financial Advisors Inc. acquired a new stake in shares of Mondelez International in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of several recent analyst reports. Mizuho raised their price objective on shares of Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. Piper Sandler lowered Mondelez International from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $70.00 to $63.00 in a research note on Friday, January 31st. Dbs Bank cut Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. UBS Group lowered their price objective on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, Jefferies Financial Group lowered shares of Mondelez International from a “buy” rating to a “hold” rating and lowered their price target for the company from $75.00 to $62.00 in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and a consensus target price of $69.74.

Mondelez International Stock Performance

MDLZ stock opened at $61.96 on Thursday. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. 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 firm has a market cap of $80.14 billion, a PE ratio of 18.12, a P/E/G ratio of 4.24 and a beta of 0.54. The business’s 50-day moving average price is $58.93 and its two-hundred day moving average price is $65.97.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share 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%. As a group, research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.03%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

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

About Mondelez International

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.