Signaturefd LLC Sells 4,358 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Signaturefd LLC lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 15.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,459 shares of the company's stock after selling 4,358 shares during the period. Signaturefd LLC's holdings in Mondelez International were worth $1,401,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Truvestments Capital LLC bought a new stake in Mondelez International during the 3rd quarter valued at $25,000. Prospera Private Wealth LLC bought a new stake in Mondelez International during the 3rd quarter valued at $27,000. Marshall Investment Management LLC bought a new stake in Mondelez International during the 4th quarter valued at $26,000. Hager Investment Management Services LLC bought a new stake in Mondelez International during the 4th quarter valued at $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Mondelez International during the 4th quarter valued at $31,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Stock Performance

Shares of MDLZ traded up $0.56 during trading hours on Friday, hitting $64.51. The company's stock had a trading volume of 25,429,793 shares, compared to its average volume of 7,502,705. The company has a market cap of $83.45 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 4.34 and a beta of 0.50. 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 business has a 50 day simple moving average of $61.35 and a two-hundred day simple moving average of $65.18. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06.

Remove Ads

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 return on equity of 16.75% and a net margin of 12.68%. On average, equities analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International declared that its board has approved a share repurchase plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to purchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.91%. Mondelez International's dividend payout ratio (DPR) is currently 54.97%.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of several recent analyst reports. UBS Group reduced their target price on shares of Mondelez International from $76.00 to $63.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Barclays lowered their target price on shares of Mondelez International from $69.00 to $63.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Dbs Bank downgraded shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, February 7th. Jefferies Financial Group downgraded shares of Mondelez International from a "buy" rating to a "hold" rating and lowered their target price for the company from $75.00 to $62.00 in a report on Tuesday, January 21st. Finally, The Goldman Sachs Group lowered their target price on shares of Mondelez International from $68.00 to $60.00 and set a "buy" rating for the company in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Mondelez International has an average rating of "Moderate Buy" and an average target price of $69.74.

Mondelez International 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.