Simmons Bank Sells 450 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Simmons Bank decreased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 8.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,840 shares of the company’s stock after selling 450 shares during the period. Simmons Bank’s holdings in Mondelez International were worth $289,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund grew its holdings in shares of Mondelez International by 0.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 114,606 shares of the company’s stock worth $6,845,000 after purchasing an additional 340 shares during the last quarter. Pointe Capital Management LLC increased its position in Mondelez International by 1.5% in the 4th quarter. Pointe Capital Management LLC now owns 13,090 shares of the company’s stock valued at $782,000 after acquiring an additional 199 shares during the period. National Pension Service increased its position in Mondelez International by 7.3% in the 4th quarter. National Pension Service now owns 2,885,037 shares of the company’s stock valued at $172,323,000 after acquiring an additional 197,115 shares during the period. Advisor OS LLC increased its position in Mondelez International by 16.4% in the 4th quarter. Advisor OS LLC now owns 14,103 shares of the company’s stock valued at $842,000 after acquiring an additional 1,988 shares during the period. Finally, Sterling Investment Advisors Ltd. increased its position in Mondelez International by 1.5% in the 4th quarter. Sterling Investment Advisors Ltd. now owns 23,678 shares of the company’s stock valued at $1,414,000 after acquiring an additional 350 shares during the period. Institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $63.98 on Friday. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. 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 business has a fifty day moving average price of $59.31 and a 200-day moving average price of $65.78. The company has a market capitalization of $82.76 billion, a PE ratio of 18.71, a PEG ratio of 4.34 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data 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 net margin of 12.68% and a return on equity of 16.75%. As a group, equities analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.94%. Mondelez International’s payout ratio is 54.97%.

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MDLZ. Wells Fargo & Company cut their price objective on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Royal Bank of Canada reduced their price objective on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. The Goldman Sachs Group reduced their price objective on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Mizuho upped their price objective on shares of Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, February 14th. Finally, Dbs Bank downgraded Mondelez International from a “strong-buy” rating to a “hold” rating in a 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 assigned 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 target price of $69.74.

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.