Portside Wealth Group LLC Decreases Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Portside Wealth Group LLC trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 20,156 shares of the company’s stock after selling 368 shares during the period. Portside Wealth Group LLC’s holdings in Mondelez International were worth $1,204,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MDLZ. Truvestments Capital LLC purchased a new position in shares of Mondelez International during the 3rd quarter worth approximately $25,000. Prospera Private Wealth LLC acquired a new position in shares of Mondelez International in the third quarter worth $27,000. Richardson Financial Services Inc. lifted its position in shares of Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after acquiring an additional 200 shares in the last quarter. Highline Wealth Partners LLC acquired a new stake in shares of Mondelez International during the third quarter valued at $38,000. Finally, Hara Capital LLC acquired a new position in Mondelez International in the 3rd quarter valued at about $45,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Trading Down 0.2 %

NASDAQ:MDLZ opened at $57.86 on Friday. The business’s 50-day moving average is $61.59 and its two-hundred day moving average is $67.24. The firm has a market capitalization of $77.37 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 2.99 and a beta of 0.54. Mondelez International, Inc. has a 12 month low of $55.97 and a 12 month high of $77.20. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The firm had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. During the same period in the previous year, the company posted $0.82 EPS. Mondelez International’s revenue for the quarter was up 1.9% on a year-over-year basis. Research analysts predict that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Mondelez International declared that its Board of Directors has initiated a share buyback plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 10.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were issued a $0.47 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.25%. Mondelez International’s dividend payout ratio (DPR) is 66.67%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on MDLZ shares. The Goldman Sachs Group lowered their price target on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Redburn Atlantic initiated coverage on Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target for the company. Citigroup reduced their price target on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Evercore ISI lifted their price objective on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Finally, Stifel Nicolaus lifted their price target on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a report on Friday, October 25th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $74.93.

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.