Graypoint LLC Reduces Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Graypoint LLC decreased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 16.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,854 shares of the company’s stock after selling 1,934 shares during the quarter. Graypoint LLC’s holdings in Mondelez International were worth $589,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of MDLZ. Truvestments Capital LLC bought a new position in Mondelez International during the third quarter valued at approximately $25,000. Prospera Private Wealth LLC bought a new position in shares of Mondelez International during the 3rd quarter valued at $27,000. Richardson Financial Services Inc. boosted its stake in shares of Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after buying an additional 200 shares during the last quarter. Highline Wealth Partners LLC purchased a new position in shares of Mondelez International in the 3rd quarter worth $38,000. Finally, Hara Capital LLC bought a new stake in shares of Mondelez International in the third quarter worth $45,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

MDLZ stock opened at $56.25 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The company’s fifty day moving average price is $62.59 and its 200-day moving average price is $67.56. Mondelez International, Inc. has a one year low of $56.21 and a one year high of $77.20. The company has a market capitalization of $75.22 billion, a PE ratio of 19.95, a price-to-earnings-growth ratio of 2.80 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 EPS 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 the consensus estimate of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.82 EPS. On average, equities analysts anticipate that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

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

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date is Tuesday, December 31st. Mondelez International’s payout ratio is 66.67%.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of several research reports. Citigroup dropped their target price on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday. Deutsche Bank Aktiengesellschaft cut shares of Mondelez International from a “buy” rating to a “hold” rating and reduced their target price for the company from $78.00 to $67.00 in a report on Thursday, December 12th. Redburn Atlantic initiated coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target on the stock. Bank of America upped their price objective on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Finally, Piper Sandler lifted their target price on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Three equities 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.64.

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.