Brooklyn Investment Group Sells 247 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Brooklyn Investment Group cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,521 shares of the company’s stock after selling 247 shares during the quarter. Brooklyn Investment Group’s holdings in Mondelez International were worth $509,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of MDLZ. Truvestments Capital LLC purchased a new stake in Mondelez International in the 3rd quarter valued at about $25,000. Prospera Private Wealth LLC purchased a new position in Mondelez International in the third quarter worth $27,000. Richardson Financial Services Inc. grew its stake in Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares during the period. Highline Wealth Partners LLC purchased a new stake in shares of Mondelez International during the 3rd quarter valued at $38,000. Finally, Hara Capital LLC bought a new stake in shares of Mondelez International during the 3rd quarter worth $45,000. Institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on MDLZ. Piper Sandler decreased their price objective on shares of Mondelez International from $84.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday. Citigroup lowered their price target on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Redburn Atlantic assumed coverage on Mondelez International in a report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective for the company. Stifel Nicolaus increased their price target on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Bank of America boosted their price objective on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $74.93.

Mondelez International Stock Down 0.2 %

MDLZ opened at $57.86 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. Mondelez International, Inc. has a one year low of $55.97 and a one year high of $77.20. The firm has a market capitalization of $77.37 billion, a P/E ratio of 20.52, a price-to-earnings-growth ratio of 2.99 and a beta of 0.54. The company has a fifty day moving average price of $61.76 and a 200-day moving average price of $67.30.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. During the same period in the prior year, the company earned $0.82 EPS. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. Equities research analysts expect that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a $0.47 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 3.25%. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.

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

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.