Independent Solutions Wealth Management LLC Cuts Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Independent Solutions Wealth Management LLC lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,350 shares of the company’s stock after selling 185 shares during the quarter. Independent Solutions Wealth Management LLC’s holdings in Mondelez International were worth $200,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Mondelez International by 17.1% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 195,161 shares of the company’s stock worth $11,655,000 after purchasing an additional 28,532 shares during the period. Douglass Winthrop Advisors LLC raised its holdings in shares of Mondelez International by 26.7% in the 4th quarter. Douglass Winthrop Advisors LLC now owns 15,555 shares of the company’s stock worth $929,000 after purchasing an additional 3,275 shares during the period. Holderness Investments Co. raised its holdings in shares of Mondelez International by 3.8% in the 4th quarter. Holderness Investments Co. now owns 11,688 shares of the company’s stock worth $698,000 after purchasing an additional 423 shares during the period. HUB Investment Partners LLC raised its holdings in shares of Mondelez International by 14.0% in the 4th quarter. HUB Investment Partners LLC now owns 20,435 shares of the company’s stock worth $1,221,000 after purchasing an additional 2,515 shares during the period. Finally, Whittier Trust Co. raised its holdings in Mondelez International by 20.1% during the 4th quarter. Whittier Trust Co. now owns 360,936 shares of the company’s stock valued at $21,555,000 after acquiring an additional 60,473 shares during the period. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Up 0.9 %

Shares of NASDAQ:MDLZ opened at $64.51 on Friday. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The firm has a fifty day moving average of $61.35 and a 200 day moving average of $65.18. The firm has a market capitalization of $83.45 billion, a PE ratio of 18.86, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68.

Mondelez International (NASDAQ:MDLZ) 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 net margin of 12.68% and a return on equity of 16.75%. As a group, research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International announced that its board has initiated a stock repurchase plan on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to repurchase up to 10.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

Mondelez International Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 2.91%. Mondelez International’s payout ratio is 54.97%.

Analyst Ratings Changes

A number of brokerages have issued reports on MDLZ. Mizuho boosted their target price on shares of Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, February 14th. Barclays lowered their target price on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. UBS Group lowered their target price on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. The Goldman Sachs Group lowered their target price 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. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and a consensus 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.