Steph & Co. Has $67,000 Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Steph & Co. lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 14.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,130 shares of the company’s stock after selling 189 shares during the quarter. Steph & Co.’s holdings in Mondelez International were worth $67,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Edgestream Partners L.P. grew its holdings in Mondelez International by 8.8% in the 2nd quarter. Edgestream Partners L.P. now owns 41,878 shares of the company’s stock valued at $2,740,000 after buying an additional 3,373 shares in the last quarter. E Fund Management Co. Ltd. grew its stake in shares of Mondelez International by 4.5% in the second quarter. E Fund Management Co. Ltd. now owns 13,848 shares of the company’s stock valued at $906,000 after acquiring an additional 596 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its position in Mondelez International by 9.1% during the second quarter. Mercer Global Advisors Inc. ADV now owns 134,317 shares of the company’s stock worth $8,790,000 after acquiring an additional 11,234 shares during the period. Tredje AP fonden raised its stake in Mondelez International by 13.1% in the 2nd quarter. Tredje AP fonden now owns 112,000 shares of the company’s stock worth $7,329,000 after purchasing an additional 13,000 shares in the last quarter. Finally, Blair William & Co. IL boosted its holdings in Mondelez International by 13.6% in the 2nd quarter. Blair William & Co. IL now owns 293,460 shares of the company’s stock valued at $19,204,000 after purchasing an additional 35,108 shares during the period. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Up 2.4 %

Shares of MDLZ stock opened at $58.00 on Friday. Mondelez International, Inc. has a twelve month low of $55.97 and a twelve month high of $77.20. The stock’s fifty day simple moving average is $61.91 and its 200 day simple moving average is $67.36. 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 firm has a market capitalization of $77.56 billion, a P/E ratio of 20.57, a P/E/G ratio of 2.99 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.14. The company had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.82 earnings per share. As a group, sell-side analysts predict that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

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

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.24%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s payout ratio is currently 66.67%.

Analysts Set New Price Targets

MDLZ has been the topic of several recent research reports. The Goldman Sachs Group lowered their target price on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a report on Tuesday. Deutsche Bank Aktiengesellschaft cut Mondelez International from a “buy” rating to a “hold” rating and dropped their price objective for the company from $78.00 to $67.00 in a report on Thursday, December 12th. Evercore ISI increased their target price on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. UBS Group dropped their price target on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Piper Sandler reduced their price objective on shares of Mondelez International from $84.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $74.93.

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.