Northcape Wealth Management LLC Decreases Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Northcape Wealth Management LLC lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 17.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,488 shares of the company's stock after selling 4,727 shares during the quarter. Northcape Wealth Management LLC's holdings in Mondelez International were worth $1,343,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Commonwealth Equity Services LLC boosted its holdings in Mondelez International by 2.1% during the third quarter. Commonwealth Equity Services LLC now owns 453,653 shares of the company's stock worth $33,421,000 after purchasing an additional 9,353 shares during the last quarter. OLD National Bancorp IN lifted its position in shares of Mondelez International by 4.1% during the 3rd quarter. OLD National Bancorp IN now owns 11,135 shares of the company's stock worth $820,000 after buying an additional 436 shares in the last quarter. Vest Financial LLC boosted its stake in shares of Mondelez International by 126.7% in the 3rd quarter. Vest Financial LLC now owns 8,809 shares of the company's stock worth $649,000 after buying an additional 4,924 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Mondelez International by 54.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 738,358 shares of the company's stock valued at $54,395,000 after acquiring an additional 260,036 shares in the last quarter. Finally, Venture Visionary Partners LLC grew its holdings in shares of Mondelez International by 11.4% in the third quarter. Venture Visionary Partners LLC now owns 29,970 shares of the company's stock valued at $2,208,000 after acquiring an additional 3,063 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Price Performance

Shares of Mondelez International stock traded up $2.53 on Friday, reaching $64.70. The stock had a trading volume of 16,289,816 shares, compared to its average volume of 11,136,414. The business's 50 day moving average is $58.92 and its two-hundred day moving average is $65.94. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The company has a market cap of $83.69 billion, a P/E ratio of 18.92, a price-to-earnings-growth ratio of 4.32 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 (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%. As a group, research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International announced that its board has authorized a stock repurchase plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 10.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Mondelez International Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have weighed in on MDLZ shares. DZ Bank cut Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price objective on the stock. in a research report on Friday, February 7th. Citigroup cut their price target on shares of Mondelez International from $78.00 to $71.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Mizuho raised their price objective on shares of Mondelez International from $64.00 to $70.00 and gave the stock an "outperform" rating in a report on Friday, February 14th. Stifel Nicolaus lowered their price objective on shares of Mondelez International from $82.00 to $70.00 and set a "buy" rating on the stock in a research report on Friday, January 24th. Finally, Argus downgraded shares of Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, seven have issued 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.