Royal Fund Management LLC Sells 23,975 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Royal Fund Management LLC cut its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 65.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 12,715 shares of the company’s stock after selling 23,975 shares during the period. Royal Fund Management LLC’s holdings in Mondelez International were worth $759,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new stake in shares of Mondelez International during the third quarter worth $25,000. Prospera Private Wealth LLC bought a new stake in Mondelez International in the 3rd quarter valued at about $27,000. Richardson Financial Services Inc. grew its position in shares of Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares in the last quarter. Highline Wealth Partners LLC bought a new position in shares of Mondelez International during the third quarter worth approximately $38,000. Finally, Hara Capital LLC acquired a new stake in shares of Mondelez International in the third quarter valued at approximately $45,000. 78.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on MDLZ shares. Redburn Atlantic assumed coverage on Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective on the stock. Bank of America boosted their price target on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. UBS Group reduced their price objective on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Stifel Nicolaus boosted their target price on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Mondelez International from a “buy” rating to a “hold” rating and decreased their price objective for the company from $78.00 to $67.00 in a research note on Thursday, December 12th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $74.13.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $57.60 on Wednesday. The firm has a market capitalization of $77.02 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 3.12 and a beta of 0.54. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The business’s 50-day moving average price is $61.43 and its 200-day moving average price is $67.20. Mondelez International, Inc. has a 12 month low of $55.97 and a 12 month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.85 by $0.14. The business had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same period last year, the company earned $0.82 EPS. Equities research analysts forecast that Mondelez International, Inc. will post 3.47 EPS for the current year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were issued a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 3.26%. Mondelez International’s payout ratio is 66.67%.

Mondelez International announced that its board has approved a share repurchase plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

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.