Horizon Kinetics Asset Management LLC Has $704,000 Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Horizon Kinetics Asset Management LLC lessened its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 28.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,778 shares of the company's stock after selling 4,651 shares during the period. Horizon Kinetics Asset Management LLC's holdings in Mondelez International were worth $704,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in MDLZ. United Bank grew its holdings in shares of Mondelez International by 12.7% during the third quarter. United Bank now owns 22,649 shares of the company's stock valued at $1,669,000 after purchasing an additional 2,549 shares during the last quarter. Atlanta Consulting Group Advisors LLC grew its stake in Mondelez International by 3.4% during the 3rd quarter. Atlanta Consulting Group Advisors LLC now owns 6,450 shares of the company's stock worth $475,000 after buying an additional 215 shares during the last quarter. Claro Advisors LLC increased its position in Mondelez International by 10.7% in the third quarter. Claro Advisors LLC now owns 15,878 shares of the company's stock worth $1,170,000 after buying an additional 1,535 shares during the period. Thrivent Financial for Lutherans lifted its stake in Mondelez International by 13.5% in the third quarter. Thrivent Financial for Lutherans now owns 197,964 shares of the company's stock valued at $14,584,000 after buying an additional 23,497 shares during the last quarter. Finally, Aljian Capital Management LLC acquired a new position in shares of Mondelez International during the third quarter valued at $419,000. Institutional investors and hedge funds own 78.32% of the company's stock.

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Mondelez International Stock Up 0.9 %

Shares of NASDAQ:MDLZ traded up $0.56 during midday trading on Friday, hitting $64.51. 25,429,793 shares of the stock were exchanged, compared to its average volume of 7,506,392. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The business's fifty day simple moving average is $61.18 and its two-hundred day simple moving average is $65.23. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The company has a market capitalization of $83.45 billion, a PE ratio of 18.86, a P/E/G ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings results 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 net margin of 12.68% and a return on equity of 16.75%. As a group, research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.47 per share. The ex-dividend date is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.91%. Mondelez International's dividend payout ratio is currently 54.97%.

Mondelez International announced that its board has initiated 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 stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Barclays dropped their price objective on shares of Mondelez International from $69.00 to $63.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. The Goldman Sachs Group lowered their price target on Mondelez International from $68.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. DZ Bank downgraded shares of Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 target price on the stock. in a report on Friday, February 7th. UBS Group cut their target price on shares of Mondelez International from $76.00 to $63.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Finally, 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, January 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $69.74.

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.