Ritholtz Wealth Management Has $2.57 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Ritholtz Wealth Management lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 23.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,022 shares of the company's stock after selling 12,933 shares during the quarter. Ritholtz Wealth Management's holdings in Mondelez International were worth $2,570,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of 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 acquired a new stake in shares of Mondelez International during the third quarter worth $27,000. Richardson Financial Services Inc. increased its position in shares of Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company's stock worth $28,000 after purchasing an additional 200 shares during the period. Highline Wealth Partners LLC bought a new position in shares of Mondelez International in the third quarter worth $38,000. Finally, Hara Capital LLC bought a new position in shares of Mondelez International in the third quarter worth $45,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Trading Down 0.2 %

Shares of NASDAQ:MDLZ traded down $0.14 during midday trading on Friday, hitting $57.86. 12,663,200 shares of the stock were exchanged, compared to its average volume of 8,683,674. The stock has a market capitalization of $77.37 billion, a price-to-earnings ratio of 20.52, a P/E/G ratio of 2.99 and a beta of 0.54. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The business's 50-day moving average price is $61.59 and its 200 day moving average price is $67.24. Mondelez International, Inc. has a 12 month low of $55.97 and a 12 month high of $77.20.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.14. The company had revenue of $9.20 billion for the quarter, compared to analysts' expectations of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business's quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.82 earnings per share. Analysts predict that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International's dividend payout ratio is currently 66.67%.

Mondelez International declared that its board has approved a share buyback program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 10.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wells Fargo & Company restated an "equal weight" rating and issued a $61.00 price target (down previously from $74.00) on shares of Mondelez International in a research report on Tuesday, January 7th. Stifel Nicolaus raised their price target on Mondelez International from $75.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. UBS Group decreased their price target on Mondelez International from $76.00 to $63.00 and set a "neutral" rating on the stock in a research report on Thursday. The Goldman Sachs Group decreased their price target on Mondelez International from $79.00 to $68.00 and set a "buy" rating on the stock in a research report on Tuesday. Finally, Citigroup decreased their price target on Mondelez International from $78.00 to $71.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Mondelez International currently has a consensus rating of "Moderate Buy" and a consensus price target of $74.93.

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.