Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Marino Stram & Associates LLC

Marino Stram & Associates LLC cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 7.8% during the fourth quarter, HoldingsChannel reports. The firm owned 19,855 shares of the company’s stock after selling 1,681 shares during the period. Marino Stram & Associates LLC’s holdings in Mondelez International were worth $1,186,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of MDLZ. Truvestments Capital LLC acquired a new position in shares of Mondelez International during the third quarter worth about $25,000. Prospera Private Wealth LLC purchased a new stake in Mondelez International during the third quarter worth about $27,000. Richardson Financial Services Inc. boosted its holdings in Mondelez International by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after buying an additional 200 shares in the last quarter. Highline Wealth Partners LLC purchased a new stake in Mondelez International during the third quarter worth about $38,000. Finally, Albion Financial Group UT purchased a new stake in Mondelez International during the fourth quarter worth about $38,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Price Performance

Shares of MDLZ stock opened at $56.31 on Thursday. The company has a market capitalization of $75.30 billion, a PE ratio of 19.97, a price-to-earnings-growth ratio of 3.12 and a beta of 0.54. The firm has a fifty day simple moving average of $61.25 and a 200-day simple moving average of $67.13. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a twelve month low of $55.97 and a twelve month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. During the same period in the prior year, the firm earned $0.82 earnings per share. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. Equities research analysts anticipate that Mondelez International, Inc. will post 3.46 earnings per share for the current fiscal year.

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

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were given 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 dividend yield of 3.34%. Mondelez International’s payout ratio is currently 66.67%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MDLZ. Bank of America upped their price target on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. The Goldman Sachs Group reduced their price target on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Wednesday. Wells Fargo & Company reissued an “equal weight” rating and set a $61.00 price objective (down previously from $74.00) on shares of Mondelez International in a research note on Tuesday, January 7th. Finally, Evercore ISI upped their price objective on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $73.81.

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.