Bryn Mawr Capital Management LLC Cuts Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Bryn Mawr Capital Management LLC decreased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 76.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,787 shares of the company's stock after selling 125,727 shares during the quarter. Bryn Mawr Capital Management LLC's holdings in Mondelez International were worth $2,257,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Truvestments Capital LLC purchased a new stake in Mondelez International during the 3rd quarter worth about $25,000. Prospera Private Wealth LLC acquired a new position in shares of Mondelez International during the third quarter worth about $27,000. Hager Investment Management Services LLC acquired a new position in shares of Mondelez International during the fourth quarter worth about $27,000. Richardson Financial Services Inc. increased its stake 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 worth $28,000 after buying an additional 200 shares during the period. Finally, McClarren Financial Advisors Inc. acquired a new stake in Mondelez International in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Analyst Upgrades and Downgrades

MDLZ has been the subject of several analyst reports. Citigroup lowered their price target on shares of Mondelez International from $78.00 to $71.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. DZ Bank downgraded shares of Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 target price for the company. in a research note on Friday, February 7th. Barclays cut their price target on Mondelez International from $69.00 to $63.00 and set an "overweight" rating on the stock in a research note on Thursday, February 6th. UBS Group lowered their price objective on Mondelez International from $76.00 to $63.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Mondelez International from $67.00 to $62.00 and set a "hold" rating on the stock in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $69.74.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ traded up $2.53 on Friday, reaching $64.70. The company's stock had a trading volume of 16,289,816 shares, compared to its average volume of 11,136,414. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The stock has a market capitalization of $83.69 billion, a P/E ratio of 18.92, a PEG ratio of 4.32 and a beta of 0.54. The stock's 50-day moving average is $58.92 and its two-hundred day moving average is $65.94. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48.

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, sell-side analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

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 issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International's dividend payout ratio is presently 54.97%.

Mondelez International declared that its Board of Directors has approved a share buyback program on Wednesday, December 11th that permits the company to buyback $9.00 billion in shares. This buyback authorization permits 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 shares are undervalued.

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.