Rothschild Investment LLC Sells 1,450 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Rothschild Investment LLC decreased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 15.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,825 shares of the company’s stock after selling 1,450 shares during the quarter. Rothschild Investment LLC’s holdings in Mondelez International were worth $467,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in MDLZ. Truvestments Capital LLC bought a new stake in shares of Mondelez International in the third quarter valued at approximately $25,000. Marshall Investment Management LLC bought a new stake in Mondelez International in the 4th quarter valued at $26,000. Prospera Private Wealth LLC bought a new stake in Mondelez International in the 3rd quarter valued at $27,000. Hager Investment Management Services LLC bought a new stake in Mondelez International in the 4th quarter valued at $27,000. Finally, McClarren Financial Advisors Inc. bought a new stake in Mondelez International in the 4th quarter valued at $32,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Mondelez International stock opened at $65.88 on Wednesday. The stock has a 50-day simple moving average of $59.15 and a 200 day simple moving average of $65.81. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The stock has a market capitalization of $85.22 billion, a price-to-earnings ratio of 19.26, a P/E/G ratio of 4.34 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results 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 return on equity of 16.75% and a net margin of 12.68%. On average, research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

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

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a $0.47 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a yield of 2.85%. Mondelez International’s payout ratio is 54.97%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on MDLZ shares. 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. Stifel Nicolaus reduced their price objective on Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, January 24th. The Goldman Sachs Group reduced their price objective on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Piper Sandler cut 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 report on Friday, January 31st. Finally, Mizuho raised their target price on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.74.

About Mondelez International

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.