Guidance Capital Inc. Sells 2,459 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Guidance Capital Inc. lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 20.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 9,539 shares of the company’s stock after selling 2,459 shares during the period. Guidance Capital Inc.’s holdings in Mondelez International were worth $548,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of MDLZ. James J. Burns & Company LLC purchased a new stake in shares of Mondelez International in the fourth quarter worth $318,000. Mather Group LLC. increased its stake in Mondelez International by 4.0% in the 4th quarter. Mather Group LLC. now owns 15,980 shares of the company’s stock worth $954,000 after buying an additional 613 shares in the last quarter. Verity Asset Management Inc. increased its stake in Mondelez International by 14.3% in the 4th quarter. Verity Asset Management Inc. now owns 7,486 shares of the company’s stock worth $439,000 after buying an additional 937 shares in the last quarter. Rockline Wealth Management LLC raised its holdings in Mondelez International by 9.0% during the fourth quarter. Rockline Wealth Management LLC now owns 3,649 shares of the company’s stock valued at $218,000 after acquiring an additional 300 shares during the period. Finally, Tempus Wealth Planning LLC lifted its position in shares of Mondelez International by 8.1% in the fourth quarter. Tempus Wealth Planning LLC now owns 3,699 shares of the company’s stock valued at $221,000 after acquiring an additional 276 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Piper Sandler downgraded Mondelez International from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $70.00 to $63.00 in a research note on Friday, January 31st. Redburn Atlantic started coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research report on Wednesday, January 22nd. Stifel Nicolaus reduced their price target on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $75.00 price objective on shares of Mondelez International in a report on Thursday, January 30th. Five 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 price target of $72.76.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $56.12 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The stock’s fifty day moving average is $59.94 and its 200 day moving average is $66.60. The firm has a market capitalization of $75.04 billion, a PE ratio of 19.90, a PEG ratio of 3.12 and a beta of 0.54. Mondelez International, Inc. has a fifty-two week low of $55.88 and a fifty-two week high of $76.69.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. On average, sell-side analysts anticipate that Mondelez International, Inc. will post 3.44 earnings per share for the current year.

Mondelez International Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.35%. Mondelez International’s dividend payout ratio is 66.67%.

Mondelez International declared that its board has initiated a share buyback plan on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to buy up to 10.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership 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.