Ingalls & Snyder LLC Has $4.39 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Ingalls & Snyder LLC lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.8% during the fourth quarter, Holdings Channel reports. The fund owned 73,411 shares of the company’s stock after selling 563 shares during the quarter. Ingalls & Snyder LLC’s holdings in Mondelez International were worth $4,385,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Truvestments Capital LLC acquired a new position in Mondelez International during the third quarter worth $25,000. Prospera Private Wealth LLC acquired a new position in Mondelez International during the third quarter worth $27,000. Richardson Financial Services Inc. raised its holdings in 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 buying an additional 200 shares during the last quarter. Hager Investment Management Services LLC acquired a new position in Mondelez International during the fourth quarter worth $27,000. Finally, Highline Wealth Partners LLC acquired a new position in Mondelez International during the third quarter worth $38,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $60.60 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.42 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $81.03 billion, a P/E ratio of 17.72, a P/E/G ratio of 4.04 and a beta of 0.54. The business has a fifty day simple moving average of $59.11 and a two-hundred day simple moving average of $66.26. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly 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 16.75% and a net margin of 12.68%. On average, equities analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

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

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is 54.97%.

Analysts Set New Price Targets

Several analysts have recently issued reports on MDLZ shares. Piper Sandler lowered shares of Mondelez International from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $70.00 to $63.00 in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft reduced 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 note on Wednesday, January 22nd. Royal Bank of Canada reduced their target price on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating for the company in a research note on Thursday, February 6th. Dbs Bank lowered shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. Finally, UBS Group reduced their target price on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $69.72.

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.