Morris Financial Concepts Inc. Cuts Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Morris Financial Concepts Inc. lowered its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 7.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,702 shares of the company’s stock after selling 445 shares during the period. Morris Financial Concepts Inc.’s holdings in Mondelez International were worth $341,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of MDLZ. Truvestments Capital LLC purchased a new position in shares of Mondelez International during the 3rd quarter valued at $25,000. Prospera Private Wealth LLC purchased a new position in shares of Mondelez International during the 3rd quarter valued at $27,000. Hager Investment Management Services LLC purchased a new position in shares of Mondelez International during the 4th quarter valued at $27,000. Richardson Financial Services Inc. lifted its position in shares of Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after buying an additional 200 shares during the last quarter. Finally, McClarren Financial Advisors Inc. purchased a new position in shares of Mondelez International during the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Citigroup dropped 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. Redburn Atlantic started coverage on Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target on the stock. Jefferies Financial Group lowered Mondelez International from a “buy” rating to a “hold” rating and decreased their price objective for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. The Goldman Sachs Group decreased their price objective on Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Finally, UBS Group decreased their price objective on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.72.

Mondelez International Price Performance

MDLZ opened at $60.60 on Thursday. The stock has a 50-day moving average price of $59.11 and a 200-day moving average price of $66.26. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The company has a current ratio of 0.68, a quick ratio of 0.42 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $81.03 billion, a P/E ratio of 17.72, a PEG ratio of 4.04 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Equities analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.10%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s dividend payout ratio is presently 54.97%.

Mondelez International announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to purchase up to 10.7% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Mondelez International Company 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.