Crestwood Advisors Group LLC Sells 2,008 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Crestwood Advisors Group LLC cut its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 76,443 shares of the company’s stock after selling 2,008 shares during the period. Crestwood Advisors Group LLC’s holdings in Mondelez International were worth $4,566,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Truvestments Capital LLC bought a new stake in shares of Mondelez International in the 3rd quarter worth about $25,000. Prospera Private Wealth LLC purchased a new position in Mondelez International in the third quarter worth about $27,000. Marshall Investment Management LLC bought a new stake in Mondelez International during the fourth quarter worth approximately $26,000. Hager Investment Management Services LLC purchased a new stake in Mondelez International during the fourth quarter valued at approximately $27,000. Finally, Highline Wealth Partners LLC purchased a new stake in Mondelez International during the third quarter valued at approximately $38,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Price Performance

MDLZ opened at $65.36 on Tuesday. The company has a market capitalization of $84.55 billion, a price-to-earnings ratio of 19.11, a PEG ratio of 4.34 and a beta of 0.54. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The business’s fifty day simple moving average is $59.05 and its 200-day simple moving average is $65.83.

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 return on equity of 16.75% and a net margin of 12.68%. On average, equities research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s payout ratio is 54.97%.

Mondelez International announced that its board has authorized a share repurchase program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to reacquire 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 shares are undervalued.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Piper Sandler cut Mondelez International from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $70.00 to $63.00 in a report on Friday, January 31st. The Goldman Sachs Group dropped their price objective on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Argus downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday. Dbs Bank lowered shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. Finally, Royal Bank of Canada cut their price target on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.74.

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.