Wealthcare Advisory Partners LLC Sells 935 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Wealthcare Advisory Partners LLC decreased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 12.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 6,885 shares of the company’s stock after selling 935 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Mondelez International were worth $411,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of MDLZ. Axiom Advisory LLC grew its position in shares of Mondelez International by 1.6% in the 3rd quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock valued at $643,000 after buying an additional 143 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its stake in shares of Mondelez International by 16.5% in the third quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock worth $78,000 after acquiring an additional 150 shares during the period. Carnegie Investment Counsel boosted its holdings in Mondelez International by 1.4% in the third quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock valued at $811,000 after acquiring an additional 151 shares during the last quarter. SeaCrest Wealth Management LLC increased its position in Mondelez International by 1.3% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 12,130 shares of the company’s stock valued at $894,000 after purchasing an additional 156 shares during the period. Finally, Quent Capital LLC raised its holdings in Mondelez International by 5.5% during the 3rd quarter. Quent Capital LLC now owns 3,047 shares of the company’s stock worth $225,000 after purchasing an additional 160 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $57.86 on Tuesday. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The stock has a market cap of $77.37 billion, a PE ratio of 20.52, a PEG ratio of 2.99 and a beta of 0.54. The company’s fifty day moving average is $61.59 and its 200 day moving average is $67.26. Mondelez International, Inc. has a 52 week low of $55.97 and a 52 week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly 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. The business had revenue of $9.20 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.82 EPS. Research analysts anticipate that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Mondelez International Announces Dividend

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 $0.47 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 3.25%. Mondelez International’s payout ratio is 66.67%.

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

Analyst Ratings Changes

MDLZ has been the topic of a number of analyst reports. 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. Evercore ISI upped their price target on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Deutsche Bank Aktiengesellschaft downgraded Mondelez International from a “buy” rating to a “hold” rating and decreased their price target for the stock from $78.00 to $67.00 in a report on Thursday, December 12th. Stifel Nicolaus boosted their price objective on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Redburn Atlantic began coverage on Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $74.93.

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.