Spinnaker Trust Sells 627 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Spinnaker Trust decreased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 6.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,542 shares of the company’s stock after selling 627 shares during the quarter. Spinnaker Trust’s holdings in Mondelez International were worth $570,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Truvestments Capital LLC acquired a new stake in Mondelez International in the 3rd quarter worth approximately $25,000. Prospera Private Wealth LLC acquired a new stake in Mondelez International in the 3rd quarter worth approximately $27,000. Richardson Financial Services Inc. lifted its holdings in Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares during the last quarter. Hager Investment Management Services LLC acquired a new stake in Mondelez International in the 4th quarter worth approximately $27,000. Finally, Highline Wealth Partners LLC acquired a new stake in Mondelez International in the 3rd quarter worth approximately $38,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ opened at $60.82 on Friday. The business’s fifty day moving average price is $58.98 and its two-hundred day moving average price is $66.14. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The stock has a market capitalization of $81.33 billion, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 4.04 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.42.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, February 4th. The company reported $0.65 EPS 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%. As a group, analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently announced 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. This represents a $1.88 annualized dividend and a dividend yield of 3.09%. The ex-dividend date is Monday, March 31st. Mondelez International’s payout ratio is presently 54.97%.

Mondelez International announced that its Board of Directors has approved a stock repurchase program on Wednesday, December 11th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 10.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

Several research firms recently weighed in on MDLZ. Jefferies Financial Group lowered Mondelez International from a “buy” rating to a “hold” rating and reduced their target price for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. Mizuho upped their price target on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday. Deutsche Bank Aktiengesellschaft cut their price target on Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a report on Wednesday, January 22nd. Stifel Nicolaus cut their price target on Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a report on Friday, January 24th. Finally, Dbs Bank lowered Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company’s stock. According to 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.