Segall Bryant & Hamill LLC Sells 30,240 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Segall Bryant & Hamill LLC trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 7.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 391,109 shares of the company’s stock after selling 30,240 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Mondelez International were worth $23,361,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Truvestments Capital LLC purchased a new position in Mondelez International in the 3rd quarter worth $25,000. Marshall Investment Management LLC purchased a new stake in Mondelez International in the 4th quarter worth approximately $26,000. Hager Investment Management Services LLC bought a new stake in shares of Mondelez International in the 4th quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Mondelez International during the fourth quarter valued at approximately $31,000. Finally, Sierra Ocean LLC bought a new position in shares of Mondelez International during the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $64.95 on Tuesday. The firm has a market cap of $84.01 billion, a P/E ratio of 18.99, a PEG ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The company has a 50 day moving average of $61.52 and a 200 day moving average of $64.99.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. As a group, research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International announced that its Board of Directors has initiated a stock buyback program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be paid a $0.47 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.89%. Mondelez International’s dividend payout ratio is presently 54.97%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Argus downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and reduced their price target for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a report on Wednesday, January 22nd. Royal Bank of Canada reduced their target price on Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Finally, Barclays lowered their target price on Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $69.70.

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.