D Orazio & Associates Inc. Sells 295 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

D Orazio & Associates Inc. cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 7.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,848 shares of the company’s stock after selling 295 shares during the period. D Orazio & Associates Inc.’s holdings in Mondelez International were worth $230,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Truvestments Capital LLC bought a new position in Mondelez International in the 3rd quarter valued at $25,000. Prospera Private Wealth LLC purchased a new position in shares of Mondelez International in the 3rd quarter worth about $27,000. Hager Investment Management Services LLC bought a new position in Mondelez International during the fourth quarter valued at about $27,000. Richardson Financial Services Inc. increased its holdings in Mondelez International by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after buying an additional 200 shares during the last quarter. Finally, Highline Wealth Partners LLC bought a new stake in Mondelez International in the third quarter worth about $38,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on MDLZ shares. Bank of America increased their target price on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. The Goldman Sachs Group reduced their price objective on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a report on Thursday. Deutsche Bank Aktiengesellschaft lowered their target price on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Wednesday, January 22nd. Jefferies Financial Group lowered Mondelez International from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. Finally, UBS Group reduced their price objective on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and a consensus target price of $69.72.

Mondelez International Price Performance

MDLZ stock opened at $58.45 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.42 and a current ratio of 0.68. The firm has a market cap of $78.16 billion, a P/E ratio of 17.09, a P/E/G ratio of 4.04 and a beta of 0.54. The firm’s fifty day moving average is $59.47 and its 200 day moving average is $66.41. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data 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 net margin of 12.68% and a return on equity of 16.75%. Research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were issued a dividend of $0.47 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 3.22%. Mondelez International’s dividend payout ratio is currently 54.97%.

Mondelez International declared that its Board of Directors has initiated 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 reacquire up to 10.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

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.