Mondelez International, Inc. (NASDAQ:MDLZ) Position Lessened by Deltec Asset Management LLC

Deltec Asset Management LLC reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 30.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,431 shares of the company’s stock after selling 10,000 shares during the quarter. Deltec Asset Management LLC’s holdings in Mondelez International were worth $1,340,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MDLZ shares. The Goldman Sachs Group lowered their price target on Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. UBS Group reduced their price objective on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company 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 report on Friday, January 31st. Wells Fargo & Company restated an “equal weight” rating and set a $61.00 target price (down from $74.00) on shares of Mondelez International in a report on Tuesday, January 7th. Finally, Bank of America upped their price target on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $72.76.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $56.12 on Wednesday. The company’s fifty day moving average is $59.76 and its two-hundred day moving average is $66.53. The firm has a market capitalization of $75.04 billion, a price-to-earnings ratio of 19.90, a P/E/G ratio of 3.12 and a beta of 0.54. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. Mondelez International, Inc. has a 52-week low of $55.88 and a 52-week high of $76.69.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. Equities research analysts forecast that Mondelez International, Inc. will post 3.44 EPS for the current year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s payout ratio is 66.67%.

Mondelez International announced that its Board of Directors has authorized 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 repurchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors 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.