Dakota Wealth Management lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 26.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,725 shares of the company's stock after selling 13,502 shares during the quarter. Dakota Wealth Management's holdings in Mondelez International were worth $2,203,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of MDLZ. Truvestments Capital LLC acquired a new position in shares of Mondelez International in the 3rd quarter valued at $25,000. Prospera Private Wealth LLC purchased a new position in shares of Mondelez International in the 3rd quarter valued at $27,000. Richardson Financial Services Inc. raised 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 valued at $28,000 after acquiring an additional 200 shares during the period. Highline Wealth Partners LLC purchased a new position in shares of Mondelez International in the 3rd quarter valued at $38,000. Finally, Hara Capital LLC purchased a new position in shares of Mondelez International in the 3rd quarter valued at $45,000. Institutional investors and hedge funds own 78.32% of the company's stock.
MDLZ stock opened at $56.96 on Friday. 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 company has a market capitalization of $76.17 billion, a price-to-earnings ratio of 20.20, a P/E/G ratio of 3.12 and a beta of 0.54. Mondelez International, Inc. has a 12 month low of $55.97 and a 12 month high of $77.20. The firm has a 50 day moving average of $61.05 and a two-hundred day moving average of $67.06.
Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.85 by $0.14. The company 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 company's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.82 earnings per share. As a group, equities analysts anticipate that Mondelez International, Inc. will post 3.46 EPS for the current fiscal year.
Mondelez International announced that its Board of Directors has authorized a share buyback program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to repurchase up to 10.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.30%. The ex-dividend date was Tuesday, December 31st. Mondelez International's dividend payout ratio is 66.67%.
MDLZ has been the topic of a number of research reports. The Goldman Sachs Group cut their target price on shares of Mondelez International from $79.00 to $68.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $61.00 price target (down previously from $74.00) on shares of Mondelez International in a research note on Tuesday, January 7th. Piper Sandler decreased their price objective on shares of Mondelez International from $84.00 to $70.00 and set an "overweight" rating for the company in a report on Thursday, January 16th. Citigroup decreased their price objective on shares of Mondelez International from $78.00 to $71.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. Finally, Jefferies Financial Group lowered shares of Mondelez International from a "buy" rating to a "hold" rating and decreased their price target for the company from $75.00 to $62.00 in a report on Tuesday. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, Mondelez International presently has a consensus rating of "Moderate Buy" and a consensus price target of $73.81.
Read Our Latest Analysis on 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.
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