Kathmere Capital Management LLC Sells 5,266 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Kathmere Capital Management LLC cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 32.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,769 shares of the company's stock after selling 5,266 shares during the period. Kathmere Capital Management LLC's holdings in Mondelez International were worth $643,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Truvestments Capital LLC bought a new position in Mondelez International in the 3rd quarter valued at $25,000. Prospera Private Wealth LLC purchased a new position in shares of Mondelez International in the 3rd quarter worth about $27,000. Richardson Financial Services Inc. grew its position in Mondelez International by 100.0% during 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 bought a new stake in Mondelez International in the third quarter worth about $45,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Price Performance

Shares of MDLZ traded up $1.36 during mid-day trading on Thursday, reaching $58.00. 10,571,775 shares of the stock traded hands, compared to its average volume of 10,066,827. The company has a market cap of $77.56 billion, a price-to-earnings ratio of 20.57, a price-to-earnings-growth ratio of 2.99 and a beta of 0.54. Mondelez International, Inc. has a 1 year low of $55.97 and a 1 year high of $77.20. The firm has a fifty day moving average price of $61.91 and a 200 day moving average price of $67.36. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business 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 business earned $0.82 earnings per share. The firm's revenue was up 1.9% on a year-over-year basis. As a group, equities research analysts predict that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date was Tuesday, December 31st. Mondelez International's dividend payout ratio is currently 66.67%.

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. UBS Group decreased their price target 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. Citigroup decreased their target price on Mondelez International from $78.00 to $71.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Evercore ISI upped their price target on Mondelez International from $79.00 to $85.00 and gave the company an "outperform" rating in a research report on Thursday, September 26th. Deutsche Bank Aktiengesellschaft lowered Mondelez International from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $78.00 to $67.00 in a report on Thursday, December 12th. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating and set a $61.00 price objective (down from $74.00) on shares of Mondelez International in a report on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Mondelez International presently has an average rating of "Moderate Buy" and an average target price of $74.93.

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.