Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Journey Strategic Wealth LLC

Journey Strategic Wealth LLC reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 30.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,670 shares of the company’s stock after selling 2,023 shares during the period. Journey Strategic Wealth LLC’s holdings in Mondelez International were worth $279,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MDLZ. Truvestments Capital LLC purchased a new position in Mondelez International in the third quarter valued at $25,000. Prospera Private Wealth LLC purchased a new stake in shares of Mondelez International during the third quarter worth about $27,000. Richardson Financial Services Inc. increased its stake 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 in the last quarter. Highline Wealth Partners LLC purchased a new stake in shares of Mondelez International during the third quarter worth about $38,000. Finally, Albion Financial Group UT purchased a new stake in Mondelez International during the 4th quarter valued at about $38,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $57.41 on Tuesday. Mondelez International, Inc. has a 1-year low of $55.97 and a 1-year high of $76.69. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $76.77 billion, a price-to-earnings ratio of 20.36, a P/E/G ratio of 3.12 and a beta of 0.54. The stock’s fifty day simple moving average is $60.09 and its 200-day simple moving average is $66.67.

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

Mondelez International Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.27%. Mondelez International’s dividend payout ratio is presently 66.67%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Citigroup dropped their price objective on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Jefferies Financial Group downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and cut their target price for the stock from $75.00 to $62.00 in a research note on Tuesday, January 21st. Bank of America increased their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Royal Bank of Canada reissued an “outperform” rating and issued a $75.00 price objective on shares of Mondelez International in a research report on Thursday, January 30th. Finally, Stifel Nicolaus dropped their target price on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and an average target price of $72.76.

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.