Mondelez International, Inc. (NASDAQ:MDLZ) Holdings Lessened by Lindsell Train Ltd

Lindsell Train Ltd reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 17.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 8,411,222 shares of the company’s stock after selling 1,799,206 shares during the quarter. Mondelez International accounts for 12.6% of Lindsell Train Ltd’s investment portfolio, making the stock its 3rd largest position. Lindsell Train Ltd owned 0.63% of Mondelez International worth $502,402,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. Truvestments Capital LLC purchased a new stake in Mondelez International during the third quarter worth about $25,000. Prospera Private Wealth LLC purchased a new stake in Mondelez International during the 3rd quarter worth approximately $27,000. Richardson Financial Services Inc. increased its stake in Mondelez International by 100.0% during 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 period. Highline Wealth Partners LLC purchased a new position in Mondelez International in the 3rd quarter valued at approximately $38,000. Finally, Albion Financial Group UT acquired a new position in shares of Mondelez International in the fourth quarter worth $38,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $56.96 on Friday. The stock’s 50-day moving average is $61.05 and its two-hundred day moving average is $67.06. 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, Inc. has a 1 year low of $55.97 and a 1 year high of $77.20. The firm has a market cap of $76.17 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 2.96 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The firm had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. During the same quarter last year, the business posted $0.82 EPS. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. Analysts predict that Mondelez International, Inc. will post 3.45 earnings per share for the current year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s dividend payout ratio is currently 66.67%.

Mondelez International declared that its Board of Directors has initiated a share repurchase program on Wednesday, December 11th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 10.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

MDLZ has been the topic of several analyst reports. Piper Sandler reduced their price objective on Mondelez International from $84.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Bank of America increased their price target on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Redburn Atlantic initiated coverage on Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective for the company. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $61.00 target price (down previously from $74.00) on shares of Mondelez International in a report on Tuesday, January 7th. Finally, Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and lowered their price target for the stock from $75.00 to $62.00 in a report on Tuesday. Five research analysts have rated the stock with a hold rating and twelve have given 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.

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.