Spire Wealth Management Sells 18,635 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Spire Wealth Management decreased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 49.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 18,883 shares of the company’s stock after selling 18,635 shares during the period. Spire Wealth Management’s holdings in Mondelez International were worth $1,128,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MDLZ. Deroy & Devereaux Private Investment Counsel Inc. increased its position in shares of Mondelez International by 1.3% in the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 354,253 shares of the company’s stock valued at $21,160,000 after buying an additional 4,576 shares in the last quarter. Independence Bank of Kentucky increased its position in shares of Mondelez International by 32.6% in the 4th quarter. Independence Bank of Kentucky now owns 26,949 shares of the company’s stock valued at $1,610,000 after buying an additional 6,622 shares in the last quarter. KG&L Capital Management LLC bought a new stake in shares of Mondelez International in the 4th quarter valued at $656,000. China Universal Asset Management Co. Ltd. increased its position in shares of Mondelez International by 28.4% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 21,762 shares of the company’s stock valued at $1,309,000 after buying an additional 4,819 shares in the last quarter. Finally, Waldron Private Wealth LLC increased its position in shares of Mondelez International by 1.0% in the 4th quarter. Waldron Private Wealth LLC now owns 19,496 shares of the company’s stock valued at $1,164,000 after buying an additional 191 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on MDLZ shares. The Goldman Sachs Group lowered their price objective on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Royal Bank of Canada restated an “outperform” rating and issued a $75.00 price objective on shares of Mondelez International in a research report on Thursday, January 30th. Citigroup lowered their target price on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Piper Sandler cut Mondelez International from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $70.00 to $63.00 in a report on Friday, January 31st. Finally, Stifel Nicolaus lowered their target price on Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a report on Friday, January 24th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $72.76.

Mondelez International Trading Down 2.2 %

Shares of NASDAQ:MDLZ opened at $56.12 on Wednesday. Mondelez International, Inc. has a 52-week low of $55.88 and a 52-week high of $76.69. The company has a market capitalization of $75.04 billion, a P/E ratio of 19.90, a price-to-earnings-growth ratio of 3.12 and a beta of 0.54. The company has a 50-day simple moving average of $59.94 and a 200 day simple moving average of $66.60. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63.

Mondelez International (NASDAQ:MDLZ) last issued 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%. Sell-side analysts forecast that Mondelez International, Inc. will post 3.44 earnings per share for the current year.

Mondelez International Dividend Announcement

The company also recently announced 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 3.35%. Mondelez International’s dividend payout ratio (DPR) is currently 66.67%.

Mondelez International declared that its board has authorized a stock buyback 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 shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

About Mondelez International

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.