Mondelez International, Inc. (NASDAQ:MDLZ) Position Reduced by Wendell David Associates Inc.

Wendell David Associates Inc. lowered its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,047 shares of the company’s stock after selling 200 shares during the period. Wendell David Associates Inc.’s holdings in Mondelez International were worth $421,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of MDLZ. Czech National Bank lifted its position in shares of Mondelez International by 6.5% in the 4th quarter. Czech National Bank now owns 289,931 shares of the company’s stock worth $17,318,000 after buying an additional 17,815 shares during the last quarter. Legacy Private Trust Co. boosted its stake in Mondelez International by 33.2% in the fourth quarter. Legacy Private Trust Co. now owns 3,841 shares of the company’s stock valued at $229,000 after acquiring an additional 957 shares during the period. Benjamin Edwards Inc. grew its holdings in shares of Mondelez International by 1,904.9% during the third quarter. Benjamin Edwards Inc. now owns 425,805 shares of the company’s stock valued at $31,369,000 after purchasing an additional 404,567 shares during the last quarter. Kingsview Wealth Management LLC raised its position in shares of Mondelez International by 14.3% during the 3rd quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company’s stock worth $8,430,000 after purchasing an additional 14,278 shares during the period. Finally, Miracle Mile Advisors LLC raised its position in shares of Mondelez International by 374.9% during the 4th quarter. Miracle Mile Advisors LLC now owns 22,124 shares of the company’s stock worth $1,321,000 after purchasing an additional 17,465 shares during the period. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Down 2.2 %

Shares of MDLZ opened at $56.31 on Thursday. The business’s 50-day moving average price is $61.25 and its 200 day moving average price is $67.13. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $75.30 billion, a P/E ratio of 19.97, a P/E/G ratio of 3.12 and a beta of 0.54. Mondelez International, Inc. has a 1-year low of $55.97 and a 1-year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. The firm had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The company’s revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the business posted $0.82 EPS. Analysts expect that Mondelez International, Inc. will post 3.46 earnings per share for the current year.

Mondelez International declared that its board has approved a stock repurchase plan on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 10.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.34%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s dividend payout ratio is currently 66.67%.

Analyst Ratings Changes

MDLZ has been the subject of a number of recent research reports. Stifel Nicolaus upped their price objective on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. UBS Group lowered their price target on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Evercore ISI increased their price objective on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Redburn Atlantic assumed coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 target price for the company. Finally, Citigroup dropped their price target on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and an average target price of $73.81.

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.