Alpine Woods Capital Investors LLC Sells 21,704 Shares of Mondelez International, Inc. $MDLZ

Alpine Woods Capital Investors LLC reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 25.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,599 shares of the company’s stock after selling 21,704 shares during the period. Alpine Woods Capital Investors LLC’s holdings in Mondelez International were worth $3,911,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MDLZ. Brighton Jones LLC grew its stake in shares of Mondelez International by 92.4% in the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock valued at $874,000 after acquiring an additional 7,025 shares in the last quarter. Samalin Investment Counsel LLC boosted its holdings in Mondelez International by 20.5% in the 1st quarter. Samalin Investment Counsel LLC now owns 7,682 shares of the company’s stock valued at $521,000 after purchasing an additional 1,305 shares during the period. Quadcap Wealth Management LLC grew its position in shares of Mondelez International by 11.7% during the 1st quarter. Quadcap Wealth Management LLC now owns 9,810 shares of the company’s stock worth $666,000 after purchasing an additional 1,031 shares in the last quarter. Transamerica Financial Advisors LLC increased its holdings in shares of Mondelez International by 2.9% during the first quarter. Transamerica Financial Advisors LLC now owns 18,622 shares of the company’s stock worth $1,264,000 after purchasing an additional 530 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG raised its position in shares of Mondelez International by 11.0% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 110,043 shares of the company’s stock valued at $7,466,000 after buying an additional 10,909 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Mizuho cut their price target on Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a research note on Tuesday, October 28th. Piper Sandler cut their target price on Mondelez International from $63.00 to $62.00 and set a “neutral” rating for the company in a research report on Friday, November 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Mondelez International in a report on Tuesday, October 14th. DA Davidson dropped their price target on Mondelez International from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Finally, Sanford C. Bernstein cut their price objective on shares of Mondelez International from $85.00 to $84.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Fourteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and an average price target of $67.58.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $54.63 on Thursday. The company’s 50 day moving average price is $56.84 and its two-hundred day moving average price is $61.95. The firm has a market capitalization of $70.49 billion, a P/E ratio of 20.46 and a beta of 0.39. Mondelez International, Inc. has a fifty-two week low of $53.13 and a fifty-two week high of $71.15. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.37.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. The company had revenue of $7.30 billion during the quarter. On average, equities analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st will be given a $0.50 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $2.00 annualized dividend and a yield of 3.7%. Mondelez International’s dividend payout ratio (DPR) is currently 74.91%.

Mondelez International Company Profile

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.