Stratos Wealth Advisors LLC Sells 330 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Stratos Wealth Advisors LLC cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,228 shares of the company’s stock after selling 330 shares during the period. Stratos Wealth Advisors LLC’s holdings in Mondelez International were worth $671,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MDLZ. Stratos Wealth Partners LTD. increased its position in shares of Mondelez International by 2.2% during the 4th quarter. Stratos Wealth Partners LTD. now owns 61,407 shares of the company’s stock valued at $3,668,000 after purchasing an additional 1,348 shares during the last quarter. Sargent Investment Group LLC increased its holdings in Mondelez International by 19.2% during the fourth quarter. Sargent Investment Group LLC now owns 5,666 shares of the company’s stock worth $318,000 after buying an additional 914 shares during the last quarter. James J. Burns & Company LLC bought a new stake in Mondelez International in the fourth quarter worth about $318,000. Mather Group LLC. boosted its stake in Mondelez International by 4.0% in the fourth quarter. Mather Group LLC. now owns 15,980 shares of the company’s stock valued at $954,000 after acquiring an additional 613 shares during the last quarter. Finally, Verity Asset Management Inc. grew its position in shares of Mondelez International by 14.3% during the 4th quarter. Verity Asset Management Inc. now owns 7,486 shares of the company’s stock valued at $439,000 after acquiring an additional 937 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MDLZ has been the topic of a number of research reports. Bank of America lifted their price target on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Redburn Atlantic initiated coverage on Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target for the company. Jefferies Financial Group lowered Mondelez International from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. Citigroup dropped their price objective on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Finally, UBS Group reduced their target price on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and an average price target of $69.72.

Mondelez International Stock Performance

Shares of MDLZ opened at $58.45 on Friday. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. 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 company has a market cap of $78.16 billion, a PE ratio of 20.73, a price-to-earnings-growth ratio of 3.12 and a beta of 0.54. The stock has a 50-day moving average price of $59.47 and a 200-day moving average price of $66.41.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. As a group, equities analysts forecast that Mondelez International, Inc. will post 3.44 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.22%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is currently 66.67%.

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