TFC Financial Management Inc. Sells 177 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

TFC Financial Management Inc. reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 8,684 shares of the company’s stock after selling 177 shares during the quarter. TFC Financial Management Inc.’s holdings in Mondelez International were worth $519,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MDLZ. Mizuho Securities USA LLC raised its holdings in Mondelez International by 12,057.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock valued at $926,327,000 after buying an additional 12,470,573 shares during the last quarter. Van ECK Associates Corp raised its holdings in Mondelez International by 2,560.0% during the 4th quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company’s stock valued at $203,749,000 after buying an additional 3,282,937 shares during the last quarter. Ilex Capital Partners UK LLP bought a new stake in Mondelez International during the 3rd quarter valued at $219,045,000. FMR LLC raised its holdings in Mondelez International by 14.2% during the 3rd quarter. FMR LLC now owns 18,255,657 shares of the company’s stock valued at $1,344,894,000 after buying an additional 2,268,639 shares during the last quarter. Finally, Holocene Advisors LP bought a new stake in Mondelez International during the 3rd quarter valued at $159,823,000. 78.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on MDLZ shares. Dbs Bank downgraded shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. Jefferies Financial Group downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and reduced their price objective for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. The Goldman Sachs Group reduced their target price on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Piper Sandler downgraded shares of Mondelez International from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $70.00 to $63.00 in a research report on Friday, January 31st. Finally, UBS Group reduced their target price on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and a consensus target price of $69.72.

Mondelez International Price Performance

MDLZ opened at $60.60 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.42 and a current ratio of 0.68. The stock has a market capitalization of $81.03 billion, a P/E ratio of 17.72, a P/E/G ratio of 4.04 and a beta of 0.54. The company’s 50-day simple moving average is $59.11 and its two-hundred day simple moving average is $66.26. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. As a group, analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

Mondelez International announced that its board has initiated a stock buyback program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to purchase up to 10.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

Mondelez International Company 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.