SevenBridge Financial Group LLC Has $2.06 Million Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

SevenBridge Financial Group LLC reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 34,079 shares of the company’s stock after selling 1,054 shares during the quarter. SevenBridge Financial Group LLC’s holdings in Mondelez International were worth $2,060,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MDLZ. Marshall Investment Management LLC acquired a new position in Mondelez International during the fourth quarter worth $26,000. Hager Investment Management Services LLC acquired a new position in shares of Mondelez International during the 4th quarter worth about $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Mondelez International during the 4th quarter worth about $31,000. McClarren Financial Advisors Inc. bought a new stake in shares of Mondelez International in the 4th quarter valued at about $32,000. Finally, Sierra Ocean LLC acquired a new stake in Mondelez International in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Jefferies Financial Group downgraded Mondelez International from a “buy” rating to a “hold” rating and cut their price target for the company from $75.00 to $62.00 in a report on Tuesday, January 21st. UBS Group dropped their price objective on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Morgan Stanley began coverage on Mondelez International in a report on Monday, March 24th. They set an “overweight” rating and a $69.00 target price on the stock. Argus downgraded Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Wells Fargo & Company reduced their price objective on shares of 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and an average price target of $69.50.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $67.65 on Wednesday. The stock has a market cap of $87.51 billion, a price-to-earnings ratio of 19.78, a P/E/G ratio of 4.34 and a beta of 0.50. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The company’s fifty day moving average is $62.65 and its 200 day moving average is $64.65.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (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%. Sell-side analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International announced 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 stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Mondelez International Announces Dividend

The business also recently disclosed 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 2.78%. Mondelez International’s dividend payout ratio is currently 54.97%.

Mondelez International Company 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.