Carret Asset Management LLC Has $1.20 Million Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Carret Asset Management LLC lessened its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,066 shares of the company’s stock after selling 290 shares during the period. Carret Asset Management LLC’s holdings in Mondelez International were worth $1,199,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Alpine Woods Capital Investors LLC raised its holdings in shares of Mondelez International by 5.2% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 95,960 shares of the company’s stock valued at $5,732,000 after buying an additional 4,715 shares during the last quarter. Wellington Shields Capital Management LLC raised its holdings in shares of Mondelez International by 5.2% in the fourth quarter. Wellington Shields Capital Management LLC now owns 6,952 shares of the company’s stock valued at $415,000 after buying an additional 346 shares during the last quarter. LBP AM SA raised its holdings in shares of Mondelez International by 4.1% in the fourth quarter. LBP AM SA now owns 188,994 shares of the company’s stock valued at $11,289,000 after buying an additional 7,384 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Mondelez International by 0.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 457,774 shares of the company’s stock valued at $27,343,000 after buying an additional 4,121 shares during the last quarter. Finally, Erste Asset Management GmbH raised its holdings in shares of Mondelez International by 35.3% in the fourth quarter. Erste Asset Management GmbH now owns 42,713 shares of the company’s stock valued at $2,566,000 after buying an additional 11,154 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Price Performance

Mondelez International stock opened at $64.31 on Friday. The firm has a market capitalization of $83.19 billion, a P/E ratio of 18.80, a PEG ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The business has a 50-day moving average of $60.69 and a 200-day moving average of $65.42. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share (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%. On average, equities analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

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

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be given a $0.47 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.92%. Mondelez International’s dividend payout ratio is presently 54.97%.

Analyst Ratings Changes

A number of research analysts recently issued reports on MDLZ shares. UBS Group cut their price target on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Jefferies Financial Group cut Mondelez International from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. Stifel Nicolaus dropped their price objective on Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a report on Friday, January 24th. DZ Bank cut Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective for the company. in a report on Friday, February 7th. Finally, Wells Fargo & Company dropped their price objective on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and a consensus price target of $69.74.

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.