Holland Advisory Services Inc. Reduces Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Holland Advisory Services Inc. lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 13.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,640 shares of the company’s stock after selling 1,227 shares during the period. Mondelez International makes up approximately 0.6% of Holland Advisory Services Inc.’s portfolio, making the stock its 21st largest position. Holland Advisory Services Inc.’s holdings in Mondelez International were worth $456,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Czech National Bank raised its stake in shares of Mondelez International by 6.5% in the 4th quarter. Czech National Bank now owns 289,931 shares of the company’s stock valued at $17,318,000 after acquiring an additional 17,815 shares during the period. Legacy Private Trust Co. raised its position in Mondelez International by 33.2% in the fourth quarter. Legacy Private Trust Co. now owns 3,841 shares of the company’s stock valued at $229,000 after purchasing an additional 957 shares during the period. Benjamin Edwards Inc. lifted its stake in Mondelez International by 1,904.9% during the third quarter. Benjamin Edwards Inc. now owns 425,805 shares of the company’s stock worth $31,369,000 after purchasing an additional 404,567 shares in the last quarter. Kingsview Wealth Management LLC boosted its position in shares of Mondelez International by 14.3% during the third quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company’s stock worth $8,430,000 after buying an additional 14,278 shares during the period. Finally, Daiwa Securities Group Inc. boosted its position in shares of Mondelez International by 11.6% during the third quarter. Daiwa Securities Group Inc. now owns 249,067 shares of the company’s stock worth $18,349,000 after buying an additional 25,833 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Redburn Atlantic initiated coverage on Mondelez International in a report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 target price for the company. Piper Sandler lowered their price objective on shares of Mondelez International from $84.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $61.00 target price (down from $74.00) on shares of Mondelez International in a research note on Tuesday, January 7th. Citigroup decreased their price target on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group dropped their price target on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating for the company in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $74.93.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $57.86 on Friday. The firm has a market capitalization of $77.37 billion, a P/E ratio of 20.52, a P/E/G ratio of 2.99 and a beta of 0.54. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 52 week low of $55.97 and a 52 week high of $77.20. The firm’s 50 day moving average is $61.76 and its two-hundred day moving average is $67.30.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. During the same period last year, the firm posted $0.82 EPS. The company’s revenue was up 1.9% on a year-over-year basis. Research analysts forecast that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a dividend of $0.47 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 3.25%. Mondelez International’s dividend payout ratio is presently 66.67%.

Mondelez International announced that its Board of Directors has authorized a share buyback plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management 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.