Knights of Columbus Asset Advisors LLC Sells 4,738 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Knights of Columbus Asset Advisors LLC reduced its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 103,009 shares of the company’s stock after selling 4,738 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Mondelez International were worth $6,153,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Truvestments Capital LLC bought a new stake in shares of Mondelez International during the 3rd quarter worth approximately $25,000. Prospera Private Wealth LLC bought a new stake in shares of Mondelez International during the 3rd quarter worth approximately $27,000. Marshall Investment Management LLC bought a new stake in shares of Mondelez International during the 4th quarter worth approximately $26,000. Hager Investment Management Services LLC bought a new stake in shares of Mondelez International during the 4th quarter worth approximately $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Mondelez International during the 4th quarter worth approximately $31,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Up 0.9 %

Shares of MDLZ stock opened at $64.51 on Friday. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The stock’s fifty day moving average price is $61.35 and its 200 day moving average price is $65.18. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The company has a market cap of $83.45 billion, a price-to-earnings ratio of 18.86, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results 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%. On average, research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.47 per share. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 2.91%. Mondelez International’s payout ratio is presently 54.97%.

Mondelez International announced that its board has authorized a stock buyback plan on Wednesday, December 11th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 10.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MDLZ. UBS Group decreased their target price on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. DZ Bank lowered Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 target price for the company. in a research report on Friday, February 7th. Piper Sandler lowered Mondelez International from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $70.00 to $63.00 in a research report on Friday, January 31st. Wells Fargo & Company decreased their target price on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Finally, Dbs Bank lowered Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. One 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, the company currently has an average rating of “Moderate Buy” and an average price target of $69.74.

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.