Blue Trust Inc. Has $2.20 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Blue Trust Inc. reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 15.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,897 shares of the company's stock after selling 6,791 shares during the period. Blue Trust Inc.'s holdings in Mondelez International were worth $2,204,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of MDLZ. Truvestments Capital LLC acquired a new position in shares of Mondelez International in the third quarter valued at about $25,000. Prospera Private Wealth LLC acquired a new position in shares of Mondelez International in the third quarter valued at about $27,000. Hager Investment Management Services LLC acquired a new position in shares of Mondelez International in the fourth quarter valued at about $27,000. Richardson Financial Services Inc. grew its stake 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 acquiring an additional 200 shares in the last quarter. Finally, McClarren Financial Advisors Inc. acquired a new position in shares of Mondelez International in the fourth quarter valued at about $32,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MDLZ. Mizuho increased their target price on shares of Mondelez International from $64.00 to $70.00 and gave the stock an "outperform" rating in a report on Friday, February 14th. The Goldman Sachs Group dropped their target price on shares of Mondelez International from $68.00 to $60.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Citigroup dropped their target price on shares of Mondelez International from $78.00 to $71.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. Stifel Nicolaus dropped their target price on shares of Mondelez International from $82.00 to $70.00 and set a "buy" rating for the company in a report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft dropped 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Mondelez International has an average rating of "Moderate Buy" and an average target price of $69.74.

Mondelez International Trading Up 1.3 %

NASDAQ:MDLZ traded up $0.78 on Wednesday, reaching $61.96. 7,442,698 shares of the stock traded hands, compared to its average volume of 11,012,975. The firm has a market capitalization of $80.14 billion, a price-to-earnings ratio of 18.12, a price-to-earnings-growth ratio of 4.24 and a beta of 0.54. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The company's 50 day moving average is $58.95 and its 200-day moving average is $66.00.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced 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 return on equity of 16.75% and a net margin of 12.68%. Equities research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.03%. The ex-dividend date is Monday, March 31st. Mondelez International's dividend payout ratio (DPR) is 54.97%.

Mondelez International announced that its Board of Directors has approved a stock repurchase program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to buy up to 10.7% of its shares through open market purchases. Shares buyback programs are often 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.