King Luther Capital Management Corp Sells 345,284 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

King Luther Capital Management Corp trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 36.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 604,392 shares of the company's stock after selling 345,284 shares during the period. King Luther Capital Management Corp's holdings in Mondelez International were worth $36,100,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Canopy Partners LLC grew its stake in shares of Mondelez International by 1.2% during the third quarter. Canopy Partners LLC now owns 13,335 shares of the company's stock valued at $982,000 after acquiring an additional 161 shares in the last quarter. Hardy Reed LLC boosted its holdings in Mondelez International by 1.4% in the third quarter. Hardy Reed LLC now owns 11,511 shares of the company's stock valued at $848,000 after purchasing an additional 161 shares during the last quarter. Verdence Capital Advisors LLC grew its stake in Mondelez International by 1.1% during the 3rd quarter. Verdence Capital Advisors LLC now owns 15,396 shares of the company's stock valued at $1,134,000 after purchasing an additional 173 shares in the last quarter. Continuum Advisory LLC increased its holdings in Mondelez International by 7.4% during the 3rd quarter. Continuum Advisory LLC now owns 2,542 shares of the company's stock worth $187,000 after purchasing an additional 175 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in Mondelez International by 1.8% during the 4th quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company's stock worth $627,000 after purchasing an additional 181 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

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Mondelez International Stock Performance

NASDAQ MDLZ traded down $2.60 on Wednesday, hitting $65.25. The stock had a trading volume of 4,888,853 shares, compared to its average volume of 7,476,668. The company's 50-day moving average is $60.39 and its two-hundred day moving average is $65.48. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The stock has a market cap of $84.41 billion, a price-to-earnings ratio of 19.11, a P/E/G ratio of 4.34 and a beta of 0.50. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ - Get Free Report) 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 return on equity of 16.75% and a net margin of 12.68%. On average, analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be paid a $0.47 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a yield of 2.88%. Mondelez International's dividend payout ratio is currently 54.97%.

Mondelez International announced that its Board of Directors has initiated a stock repurchase program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to purchase up to 10.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MDLZ. Wells Fargo & Company reduced their target price on Mondelez International from $61.00 to $54.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. DZ Bank lowered shares of 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. 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 research report on Thursday, February 6th. Jefferies Financial Group cut shares of Mondelez International from a "buy" rating to a "hold" rating and reduced their price target for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. Finally, UBS Group decreased their price target on Mondelez International from $76.00 to $63.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $69.74.

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.