Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by West Oak Capital LLC

West Oak Capital LLC lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 27.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,000 shares of the company’s stock after selling 380 shares during the quarter. West Oak Capital LLC’s holdings in Mondelez International were worth $60,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Truvestments Capital LLC bought a new stake in Mondelez International during the third quarter worth approximately $25,000. Prospera Private Wealth LLC bought a new stake in shares of Mondelez International in the 3rd quarter worth $27,000. Richardson Financial Services Inc. lifted its holdings in shares of Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after buying an additional 200 shares during the period. Highline Wealth Partners LLC bought a new position in Mondelez International during the third quarter valued at about $38,000. Finally, Hara Capital LLC acquired a new position in Mondelez International during the third quarter worth about $45,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analysts Set New Price Targets

MDLZ has been the subject of several research reports. Stifel Nicolaus raised their price objective on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Bank of America raised their target price on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Citigroup dropped their price target on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday. Wells Fargo & Company reissued an “equal weight” rating and set a $61.00 price objective (down from $74.00) on shares of Mondelez International in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft lowered Mondelez International from a “buy” rating to a “hold” rating and cut their target price for the stock from $78.00 to $67.00 in a research report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $77.64.

Mondelez International Stock Down 3.5 %

Shares of Mondelez International stock traded down $2.04 during trading on Friday, hitting $56.25. 11,667,989 shares of the stock traded hands, compared to its average volume of 8,961,809. The stock has a market cap of $75.22 billion, a P/E ratio of 19.95, a PEG ratio of 2.80 and a beta of 0.54. The company has a fifty day moving average price of $62.83 and a two-hundred day moving average price of $67.65. Mondelez International, Inc. has a twelve month low of $56.21 and a twelve month high of $77.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. During the same period in the previous year, the company earned $0.82 earnings per share. The company’s revenue was up 1.9% compared to the same quarter last year. Equities research analysts predict that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend is Tuesday, December 31st. Mondelez International’s dividend payout ratio is presently 66.67%.

Mondelez International announced that its Board of Directors has authorized a share repurchase program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Mondelez International Company 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.