Evermay Wealth Management LLC Sells 1,000 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Evermay Wealth Management LLC cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 16.7% during the fourth quarter, HoldingsChannel reports. The firm owned 4,976 shares of the company’s stock after selling 1,000 shares during the period. Evermay Wealth Management LLC’s holdings in Mondelez International were worth $299,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Mizuho Securities USA LLC lifted its holdings in shares of Mondelez International by 12,057.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock worth $926,327,000 after buying an additional 12,470,573 shares during the period. Ilex Capital Partners UK LLP bought a new stake in shares of Mondelez International in the third quarter valued at about $219,045,000. FMR LLC lifted its stake in Mondelez International by 14.2% in the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock worth $1,344,894,000 after acquiring an additional 2,268,639 shares during the period. Holocene Advisors LP bought a new position in Mondelez International during the 3rd quarter worth about $159,823,000. Finally, National Bank of Canada FI increased its position in Mondelez International by 173.7% during the 3rd quarter. National Bank of Canada FI now owns 3,049,440 shares of the company’s stock valued at $224,652,000 after purchasing an additional 1,935,356 shares during the period. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ opened at $57.99 on Friday. The company has a 50 day simple moving average of $60.09 and a two-hundred day simple moving average of $66.67. The stock has a market cap of $77.54 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 3.05 and a beta of 0.54. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 12 month low of $55.97 and a 12 month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced 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 the consensus estimate of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the firm earned $0.82 EPS. As a group, analysts predict that Mondelez International, Inc. will post 3.44 earnings per share for the current year.

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

Mondelez International Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and lowered their price target for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 target price on shares of Mondelez International in a research report on Thursday. Bank of America upped their price objective on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. The Goldman Sachs Group cut their target price on Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Finally, Redburn Atlantic assumed coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target for the company. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.