Adell Harriman & Carpenter Inc. Reduces Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Adell Harriman & Carpenter Inc. trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 30.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,951 shares of the company's stock after selling 22,266 shares during the period. Adell Harriman & Carpenter Inc.'s holdings in Mondelez International were worth $3,103,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Truvestments Capital LLC bought a new stake in shares of Mondelez International in the 3rd quarter worth approximately $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 holdings in shares of 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 last quarter. Hager Investment Management Services LLC purchased a new stake in Mondelez International during the 4th quarter valued at $27,000. Finally, Highline Wealth Partners LLC bought a new position in Mondelez International during the 3rd quarter valued at about $38,000. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Stock Up 1.3 %

Shares of MDLZ traded up $0.78 during mid-day trading on Wednesday, hitting $61.96. 7,671,179 shares of the company's stock were exchanged, compared to its average volume of 11,025,266. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The stock's 50-day moving average is $58.95 and its 200-day moving average is $66.00. 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 cap of $80.14 billion, a price-to-earnings ratio of 18.12, a P/E/G ratio of 4.24 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share 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%. On average, sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International announced that its Board of Directors has approved a share buyback plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be issued a $0.47 dividend. 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 presently 54.97%.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of several recent research reports. Dbs Bank downgraded shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 7th. Wells Fargo & Company dropped their price target 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. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating on the stock in a research report on Wednesday, January 22nd. Redburn Atlantic initiated coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They issued a "buy" rating and a $82.00 target price on the stock. Finally, Barclays cut their target price on shares of Mondelez International from $69.00 to $63.00 and set an "overweight" rating for the company in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Mondelez International has a consensus rating of "Moderate Buy" and an average target price of $69.74.

About Mondelez International

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.