Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Sandy Cove Advisors LLC

Sandy Cove Advisors LLC lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 44.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,081 shares of the company’s stock after selling 7,347 shares during the quarter. Sandy Cove Advisors LLC’s holdings in Mondelez International were worth $658,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MDLZ. Heartwood Wealth Advisors LLC acquired a new position in Mondelez International in the fourth quarter worth approximately $201,000. Johnson & White Wealth Management LLC grew its position in Mondelez International by 3.2% in the fourth quarter. Johnson & White Wealth Management LLC now owns 4,520 shares of the company’s stock worth $327,000 after buying an additional 141 shares during the last quarter. Rockwood Wealth Management LLC acquired a new position in Mondelez International in the fourth quarter worth approximately $660,000. Fiduciary Alliance LLC grew its position in Mondelez International by 3.5% in the fourth quarter. Fiduciary Alliance LLC now owns 206,254 shares of the company’s stock worth $14,939,000 after buying an additional 6,940 shares during the last quarter. Finally, Red Door Wealth Management LLC grew its position in Mondelez International by 8.3% in the fourth quarter. Red Door Wealth Management LLC now owns 5,422 shares of the company’s stock worth $393,000 after buying an additional 415 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $69.85 on Wednesday. The firm’s 50-day moving average is $73.09 and its 200-day moving average is $70.80. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $78.59. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.43 and a current ratio of 0.62. The company has a market cap of $95.06 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 2.41 and a beta of 0.57.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, January 30th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.06. Mondelez International had a net margin of 13.77% and a return on equity of 15.91%. The business had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.31 billion. During the same period in the previous year, the business earned $0.73 EPS. The firm’s revenue was up 7.1% on a year-over-year basis. Equities research analysts anticipate that Mondelez International, Inc. will post 3.52 earnings per share for the current year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.70 annualized dividend and a dividend yield of 2.43%. Mondelez International’s dividend payout ratio (DPR) is currently 46.83%.

Analyst Upgrades and Downgrades

MDLZ has been the topic of several recent research reports. StockNews.com lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. JPMorgan Chase & Co. decreased their price objective on shares of Mondelez International from $84.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, November 29th. Stifel Nicolaus raised their price objective on shares of Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. DA Davidson started coverage on shares of Mondelez International in a research note on Friday, December 8th. They set a “buy” rating and a $83.00 target price for the company. Finally, Citigroup started coverage on shares of Mondelez International in a research note on Thursday, February 1st. They set a “buy” rating and a $87.00 target price for the company. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $81.37.

About 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.