Wambolt & Associates LLC Reduces Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Wambolt & Associates LLC lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 17.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,686 shares of the company's stock after selling 7,508 shares during the quarter. Wambolt & Associates LLC's holdings in Mondelez International were worth $2,072,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. United Bank grew its stake in shares of Mondelez International by 12.7% during the third quarter. United Bank now owns 22,649 shares of the company's stock valued at $1,669,000 after buying an additional 2,549 shares during the last quarter. Meridian Wealth Management LLC purchased a new position in Mondelez International during the 3rd quarter valued at $615,000. Larson Financial Group LLC grew its position in Mondelez International by 82.7% in the 3rd quarter. Larson Financial Group LLC now owns 2,811 shares of the company's stock valued at $207,000 after acquiring an additional 1,272 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in Mondelez International by 11.6% in the third quarter. Daiwa Securities Group Inc. now owns 249,067 shares of the company's stock worth $18,349,000 after purchasing an additional 25,833 shares during the period. Finally, Douglass Winthrop Advisors LLC lifted its position in shares of Mondelez International by 11.8% during the third quarter. Douglass Winthrop Advisors LLC now owns 12,280 shares of the company's stock worth $905,000 after purchasing an additional 1,300 shares during the last quarter. Institutional investors own 78.32% of the company's stock.

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Mondelez International Stock Up 0.3 %

Shares of MDLZ traded up $0.22 during midday trading on Friday, hitting $67.72. 11,564,303 shares of the company's stock traded hands, compared to its average volume of 7,922,538. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $87.60 billion, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The firm's fifty day moving average is $62.25 and its 200-day moving average is $64.81.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing analysts' consensus estimates 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 anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

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

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.78%. The ex-dividend date is Monday, March 31st. Mondelez International's dividend payout ratio is presently 54.97%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. The Goldman Sachs Group cut their price target on shares of Mondelez International from $68.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Royal Bank of Canada reduced their target price on shares of Mondelez International from $75.00 to $69.00 and set an "outperform" rating on the stock in a research report on Thursday, February 6th. Morgan Stanley initiated coverage on Mondelez International in a report on Monday, March 24th. They issued an "overweight" rating and a $69.00 price target for the company. UBS Group reduced their price objective on Mondelez International from $76.00 to $63.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Finally, Jefferies Financial Group lowered Mondelez International from a "buy" rating to a "hold" rating and decreased their target price for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $69.50.

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.