Haverford Trust Co Sells 2,854 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Haverford Trust Co cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 13.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,978 shares of the company’s stock after selling 2,854 shares during the period. Haverford Trust Co’s holdings in Mondelez International were worth $1,134,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in MDLZ. ICICI Prudential Asset Management Co Ltd raised its position in shares of Mondelez International by 430.0% in the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company’s stock valued at $5,520,000 after acquiring an additional 74,975 shares during the period. Czech National Bank increased its stake in Mondelez International by 6.5% in the fourth quarter. Czech National Bank now owns 289,931 shares of the company’s stock valued at $17,318,000 after purchasing an additional 17,815 shares in the last quarter. Buckingham Capital Management Inc. raised its holdings in Mondelez International by 25.5% in the fourth quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company’s stock worth $5,578,000 after purchasing an additional 18,961 shares during the period. Legacy Private Trust Co. boosted its position in shares of Mondelez International by 33.2% during the fourth quarter. Legacy Private Trust Co. now owns 3,841 shares of the company’s stock worth $229,000 after purchasing an additional 957 shares in the last quarter. Finally, Kennedy Investment Group acquired a new position in shares of Mondelez International in the 4th quarter valued at $313,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Trading Up 0.7 %

NASDAQ MDLZ opened at $64.95 on Tuesday. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The business has a fifty day simple moving average of $61.52 and a 200 day simple moving average of $64.99. The firm has a market capitalization of $84.01 billion, a P/E ratio of 18.99, a PEG ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. On average, analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

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

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date is Monday, March 31st. Mondelez International’s payout ratio is currently 54.97%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. The Goldman Sachs Group reduced their target price on Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Stifel Nicolaus decreased their price objective on Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Wednesday, January 22nd. Argus lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Finally, Morgan Stanley started coverage on Mondelez International in a research note on Monday. They issued an “overweight” rating and a $69.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and a consensus price target of $69.70.

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.