First Affirmative Financial Network Sells 191 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

First Affirmative Financial Network decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,367 shares of the company’s stock after selling 191 shares during the period. First Affirmative Financial Network’s holdings in Mondelez International were worth $261,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Truvestments Capital LLC bought a new stake in shares of Mondelez International in the 3rd quarter worth about $25,000. Prospera Private Wealth LLC bought a new stake in Mondelez International during the 3rd quarter valued at about $27,000. Richardson Financial Services Inc. raised 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 valued at $28,000 after acquiring an additional 200 shares in the last quarter. Highline Wealth Partners LLC purchased a new stake in shares of Mondelez International in the 3rd quarter worth $38,000. Finally, Hara Capital LLC purchased a new stake in Mondelez International in the third quarter worth about $45,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus dropped their price objective on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Royal Bank of Canada reissued an “outperform” rating and issued a $75.00 target price on shares of Mondelez International in a research report on Thursday. Piper Sandler dropped their price objective on shares of Mondelez International from $84.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Bank of America lifted their price target on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Wednesday, January 22nd. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $73.18.

Mondelez International Stock Up 2.2 %

Shares of NASDAQ MDLZ opened at $58.41 on Friday. Mondelez International, Inc. has a 52-week low of $55.97 and a 52-week high of $77.20. 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 business’s 50 day moving average is $60.34 and its two-hundred day moving average is $66.77. The firm has a market cap of $78.11 billion, a price-to-earnings ratio of 20.71, a PEG ratio of 2.96 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data 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. The business had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 earnings per share. Research analysts predict that Mondelez International, Inc. will post 3.45 EPS for the current year.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were issued a $0.47 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 3.22%. Mondelez International’s dividend payout ratio (DPR) is 66.67%.

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

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.