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Coho Partners Ltd. Has $70.78 Million Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Mondelez International logo with Consumer Staples background

Coho Partners Ltd. trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 15.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,184,920 shares of the company's stock after selling 222,488 shares during the quarter. Mondelez International accounts for 3.3% of Coho Partners Ltd.'s portfolio, making the stock its 14th largest position. Coho Partners Ltd. owned approximately 0.09% of Mondelez International worth $70,775,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Truvestments Capital LLC bought a new position in Mondelez International during the third quarter worth about $25,000. Prospera Private Wealth LLC bought a new stake in Mondelez International during the 3rd quarter worth approximately $27,000. Richardson Financial Services Inc. raised its holdings in Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company's stock worth $28,000 after buying an additional 200 shares during the period. Hager Investment Management Services LLC bought a new position in Mondelez International in the fourth quarter valued at approximately $27,000. Finally, Highline Wealth Partners LLC acquired a new position in shares of Mondelez International in the third quarter valued at approximately $38,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Analyst Ratings Changes

MDLZ has been the topic of a number of research analyst reports. UBS Group dropped their price objective on shares of Mondelez International from $76.00 to $63.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Wells Fargo & Company cut their price target on Mondelez International from $61.00 to $54.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. Dbs Bank downgraded Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, February 7th. Jefferies Financial Group cut Mondelez International from a "buy" rating to a "hold" rating and cut their target price for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. Finally, Citigroup decreased their price target on shares of Mondelez International from $78.00 to $71.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $69.74.

Read Our Latest Report on Mondelez International

Mondelez International Stock Performance

NASDAQ:MDLZ traded up $0.36 on Tuesday, hitting $61.18. The company's stock had a trading volume of 10,757,981 shares, compared to its average volume of 11,133,493. The company has a current ratio of 0.68, a quick ratio of 0.42 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The stock has a fifty day moving average of $58.97 and a two-hundred day moving average of $66.06. The firm has a market capitalization of $81.81 billion, a P/E ratio of 17.89, a price-to-earnings-growth ratio of 4.04 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates 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 predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

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

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International's payout ratio is 54.97%.

Mondelez International Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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