Advisors Asset Management Inc. Reduces Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Advisors Asset Management Inc. lessened its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 27.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 108,544 shares of the company's stock after selling 40,680 shares during the quarter. Advisors Asset Management Inc.'s holdings in Mondelez International were worth $6,483,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new stake in shares of Mondelez International during the third quarter worth $25,000. Prospera Private Wealth LLC bought a new stake in Mondelez International during the third quarter valued at $27,000. Marshall Investment Management LLC acquired a new stake in Mondelez International during the 4th quarter worth about $26,000. Hager Investment Management Services LLC bought a new position in shares of Mondelez International in the 4th quarter worth about $27,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of Mondelez International in the 4th quarter valued at about $31,000. Institutional investors own 78.32% of the company's stock.

Mondelez International Stock Up 0.9 %

Shares of NASDAQ MDLZ traded up $0.56 during trading on Friday, hitting $64.51. The stock had a trading volume of 25,429,793 shares, compared to its average volume of 7,508,716. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The firm has a fifty day moving average of $61.35 and a two-hundred day moving average of $65.13. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The company has a market capitalization of $83.45 billion, a PE ratio of 18.86, a PEG ratio of 4.34 and a beta of 0.50.

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Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data 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, equities research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

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

Mondelez International announced that its board has approved a share buyback program on Wednesday, December 11th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 10.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research firms recently commented on MDLZ. Mizuho raised their target price on Mondelez International from $64.00 to $70.00 and gave the stock an "outperform" rating in a research note on Friday, February 14th. Argus downgraded shares of Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Stifel Nicolaus cut their target price on shares of Mondelez International from $82.00 to $70.00 and set a "buy" rating on the stock in a research note on Friday, January 24th. DZ Bank cut shares of Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price target for the company. in a report on Friday, February 7th. Finally, Jefferies Financial Group lowered shares of Mondelez International from a "buy" rating to a "hold" rating and dropped their price objective for the company from $75.00 to $62.00 in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.