Beach Investment Counsel Inc. PA Sells 11,279 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Beach Investment Counsel Inc. PA lessened its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 14.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,417 shares of the company’s stock after selling 11,279 shares during the period. Beach Investment Counsel Inc. PA’s holdings in Mondelez International were worth $3,967,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Truvestments Capital LLC acquired a new stake in Mondelez International in the 3rd quarter worth about $25,000. Prospera Private Wealth LLC acquired a new stake in Mondelez International in the 3rd quarter worth about $27,000. Richardson Financial Services Inc. raised its stake 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 in the last quarter. Highline Wealth Partners LLC acquired a new stake in Mondelez International in the 3rd quarter worth about $38,000. Finally, Albion Financial Group UT acquired a new stake in Mondelez International in the 4th quarter worth about $38,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

MDLZ opened at $56.59 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The company’s fifty day moving average price is $60.09 and its two-hundred day moving average price is $66.67. Mondelez International, Inc. has a 1-year low of $55.97 and a 1-year high of $76.69. The company has a market cap of $75.66 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 3.12 and a beta of 0.54.

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

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 3.32%. Mondelez International’s payout ratio is currently 66.67%.

Analyst Upgrades and Downgrades

MDLZ has been the subject of several analyst reports. Wells Fargo & Company reiterated an “equal weight” rating and issued a $61.00 price objective (down previously from $74.00) on shares of Mondelez International in a research note on Tuesday, January 7th. Stifel Nicolaus dropped their target price on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Jefferies Financial Group cut shares of 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. Citigroup dropped their target price on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Finally, Redburn Atlantic assumed coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price for the company. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $72.76.

Mondelez International 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.