Weaver Capital Management LLC Trims Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Weaver Capital Management LLC lowered its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 25.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,043 shares of the company's stock after selling 5,607 shares during the quarter. Weaver Capital Management LLC's holdings in Mondelez International were worth $958,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of MDLZ. Hager Investment Management Services LLC acquired a new stake in shares of Mondelez International in the 4th quarter valued at about $27,000. Stratos Wealth Partners LTD. raised its stake in Mondelez International by 2.2% during the 4th quarter. Stratos Wealth Partners LTD. now owns 61,407 shares of the company's stock valued at $3,668,000 after acquiring an additional 1,348 shares during the last quarter. Sargent Investment Group LLC raised its stake in Mondelez International by 19.2% during the 4th quarter. Sargent Investment Group LLC now owns 5,666 shares of the company's stock valued at $318,000 after acquiring an additional 914 shares during the last quarter. James J. Burns & Company LLC purchased a new stake in Mondelez International during the 4th quarter valued at approximately $318,000. Finally, Mather Group LLC. raised its stake in Mondelez International by 4.0% during the 4th quarter. Mather Group LLC. now owns 15,980 shares of the company's stock valued at $954,000 after acquiring an additional 613 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Stock Performance

Shares of MDLZ traded up $1.31 during trading hours on Wednesday, reaching $57.43. 25,658,712 shares of the company traded hands, compared to its average volume of 10,985,652. The stock's fifty day moving average is $59.76 and its 200 day moving average is $66.53. The stock has a market cap of $76.79 billion, a P/E ratio of 20.37, a price-to-earnings-growth ratio of 3.12 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. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly 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 17.53% and a net margin of 10.58%. Equities research analysts anticipate that Mondelez International, Inc. will post 3.44 earnings per share for the current fiscal year.

Mondelez International announced that its Board of Directors has approved a stock repurchase program on Wednesday, December 11th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 10.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.47 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.27%. Mondelez International's dividend payout ratio is 66.67%.

Analyst Ratings Changes

MDLZ has been the subject of a number of analyst reports. Wells Fargo & Company cut their target price on Mondelez International from $61.00 to $54.00 and set an "equal weight" rating for the company in a research note on Wednesday. Deutsche Bank Aktiengesellschaft cut their target price on Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a research note on Wednesday, January 22nd. The Goldman Sachs Group cut their target price on Mondelez International from $79.00 to $68.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Stifel Nicolaus cut their target price on Mondelez International from $82.00 to $70.00 and set a "buy" rating for the company in a research note on Friday, January 24th. Finally, Jefferies Financial Group downgraded Mondelez International from a "buy" rating to a "hold" rating and dropped their price objective for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Mondelez International has a consensus rating of "Moderate Buy" and a consensus target price of $72.35.

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.