Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Schnieders Capital Management LLC

Schnieders Capital Management LLC lowered its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 10.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 22,564 shares of the company’s stock after selling 2,571 shares during the quarter. Schnieders Capital Management LLC’s holdings in Mondelez International were worth $1,348,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Truvestments Capital LLC acquired a new position in shares of Mondelez International in the 3rd quarter worth approximately $25,000. Prospera Private Wealth LLC acquired a new position in shares of Mondelez International in the 3rd quarter worth approximately $27,000. Marshall Investment Management LLC acquired a new position in shares of Mondelez International in the 4th quarter worth approximately $26,000. Hager Investment Management Services LLC acquired a new position in shares of Mondelez International in the 4th quarter worth approximately $27,000. Finally, Highline Wealth Partners LLC acquired a new position in shares of Mondelez International in the 3rd quarter worth approximately $38,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of MDLZ opened at $63.45 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The company has a market capitalization of $82.07 billion, a PE ratio of 18.55, a PEG ratio of 4.34 and a beta of 0.54. The company’s 50 day moving average price is $59.21 and its 200 day moving average price is $65.79. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) 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%. Research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

Mondelez International announced that its board has initiated a share buyback plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to purchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Barclays lowered their price objective on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. UBS Group dropped their target price on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Piper Sandler downgraded shares of Mondelez International from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $70.00 to $63.00 in a research report on Friday, January 31st. Citigroup dropped their target price on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group dropped their target price on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.