Savant Capital LLC Has $1.63 Million Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Savant Capital LLC trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 7.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,322 shares of the company’s stock after selling 2,284 shares during the quarter. Savant Capital LLC’s holdings in Mondelez International were worth $1,632,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Truvestments Capital LLC acquired a new stake in shares of Mondelez International during the third quarter valued at about $25,000. Prospera Private Wealth LLC acquired a new stake in shares of Mondelez International during the third quarter valued at about $27,000. Hager Investment Management Services LLC acquired a new stake in shares of Mondelez International during the fourth quarter valued at about $27,000. Richardson Financial Services Inc. boosted its stake in shares of Mondelez International by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares in the last quarter. Finally, Highline Wealth Partners LLC acquired a new stake in shares of Mondelez International during the third quarter valued at about $38,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on MDLZ. Dbs Bank lowered Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. UBS Group lowered their price objective on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. The Goldman Sachs Group lowered their price objective on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. DZ Bank downgraded Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective for the company. in a research report on Friday, February 7th. Finally, Wells Fargo & Company lowered their price objective on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $69.72.

Mondelez International Trading Up 0.9 %

Shares of MDLZ stock opened at $61.16 on Friday. The company has a market cap of $81.78 billion, a P/E ratio of 17.88, a PEG ratio of 4.04 and a beta of 0.54. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The stock has a 50 day simple moving average of $59.06 and a two-hundred day simple moving average of $66.22. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.42 and a current ratio of 0.68.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing the consensus estimate 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 forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.07%. Mondelez International’s dividend payout ratio is 54.97%.

Mondelez International announced that its board has approved a stock buyback plan on Wednesday, December 11th that permits the company to buyback $9.00 billion in shares. This buyback authorization permits the company to buy up to 10.7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

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.