Sanctuary Advisors LLC Sells 44,109 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Sanctuary Advisors LLC reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 13.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 275,710 shares of the company’s stock after selling 44,109 shares during the period. Sanctuary Advisors LLC’s holdings in Mondelez International were worth $16,104,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MDLZ. Sierra Ocean LLC bought a new stake in Mondelez International during the 4th quarter worth approximately $32,000. J.W. Cole Advisors Inc. increased its stake in shares of Mondelez International by 6.5% in the fourth quarter. J.W. Cole Advisors Inc. now owns 9,481 shares of the company’s stock worth $566,000 after purchasing an additional 576 shares in the last quarter. MOKAN Wealth Management Inc. purchased a new stake in shares of Mondelez International in the fourth quarter worth $1,669,000. Strategic Financial Concepts LLC bought a new stake in shares of Mondelez International during the 4th quarter valued at $1,682,000. Finally, Allworth Financial LP lifted its stake in shares of Mondelez International by 4.4% during the 4th quarter. Allworth Financial LP now owns 288,259 shares of the company’s stock valued at $16,232,000 after buying an additional 12,080 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $60.82 on Tuesday. The business’s 50 day moving average price is $58.98 and its 200-day moving average price is $66.11. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The company has a market cap of $81.33 billion, a P/E ratio of 17.78, a P/E/G ratio of 4.04 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.42 and a current ratio of 0.68.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Sell-side analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International announced that its Board of Directors has authorized a stock repurchase program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 10.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is currently 54.97%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MDLZ. The Goldman Sachs Group cut their price target on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Citigroup decreased their target price on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. UBS Group dropped their price target on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Piper Sandler cut shares of Mondelez International from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $70.00 to $63.00 in a research report on Friday, January 31st. Finally, DZ Bank lowered shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 target price for the company. in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $69.74.

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.