Allen Capital Group LLC Decreases Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Allen Capital Group LLC lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 10.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,736 shares of the company’s stock after selling 426 shares during the quarter. Allen Capital Group LLC’s holdings in Mondelez International were worth $223,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Strategic Blueprint LLC grew its position in Mondelez International by 7.1% during the 4th quarter. Strategic Blueprint LLC now owns 8,678 shares of the company’s stock worth $518,000 after purchasing an additional 577 shares during the last quarter. Forsta AP Fonden lifted its position in Mondelez International by 1.0% during the 4th quarter. Forsta AP Fonden now owns 348,800 shares of the company’s stock worth $20,834,000 after acquiring an additional 3,400 shares during the period. Foster Victor Wealth Advisors LLC grew its stake in Mondelez International by 23.3% during the 4th quarter. Foster Victor Wealth Advisors LLC now owns 103,128 shares of the company’s stock valued at $5,967,000 after purchasing an additional 19,516 shares during the last quarter. R Squared Ltd acquired a new position in shares of Mondelez International in the fourth quarter valued at about $386,000. Finally, Signature Wealth Management Partners LLC increased its holdings in shares of Mondelez International by 12.9% in the fourth quarter. Signature Wealth Management Partners LLC now owns 10,995 shares of the company’s stock valued at $657,000 after purchasing an additional 1,252 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MDLZ. Jefferies Financial Group lowered Mondelez International from a “buy” rating to a “hold” rating and dropped their target price for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. The Goldman Sachs Group reduced their target price 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 began coverage on Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective for the company. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $61.00 target price (down from $74.00) on shares of Mondelez International in a report on Tuesday, January 7th. Finally, UBS Group decreased their price target on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $73.06.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ opened at $57.13 on Thursday. 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, Inc. has a 1 year low of $55.97 and a 1 year high of $77.20. The firm has a market capitalization of $76.39 billion, a PE ratio of 20.26, a P/E/G ratio of 2.96 and a beta of 0.54. The business’s 50 day moving average price is $60.49 and its 200-day moving average price is $66.84.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. The business 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 for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.82 earnings per share. As a group, equities research analysts expect that Mondelez International, Inc. will post 3.45 earnings per share for the current fiscal year.

Mondelez International announced that its board has approved a stock repurchase 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 shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders 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 3.29%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s dividend payout ratio is currently 66.67%.

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.