Sei Investments Co. Cuts Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Sei Investments Co. lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 24.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 469,796 shares of the company’s stock after selling 148,620 shares during the period. Sei Investments Co.’s holdings in Mondelez International were worth $28,063,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Truvestments Capital LLC bought a new position in shares of Mondelez International during the 3rd quarter worth approximately $25,000. Marshall Investment Management LLC purchased a new stake in shares of Mondelez International during the fourth quarter valued at approximately $26,000. Hager Investment Management Services LLC bought a new stake in Mondelez International during the fourth quarter worth $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in Mondelez International in the fourth quarter worth $31,000. Finally, McClarren Financial Advisors Inc. bought a new position in Mondelez International in the 4th quarter valued at $32,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Trading Down 0.4 %

Mondelez International stock opened at $64.69 on Wednesday. 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, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The stock has a market cap of $83.68 billion, a P/E ratio of 18.92, a PEG ratio of 4.34 and a beta of 0.50. The firm’s fifty day moving average price is $61.67 and its 200-day moving average price is $64.91.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share 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 research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

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

Mondelez International Announces Dividend

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

Analyst Ratings Changes

MDLZ has been the topic of a number of research analyst reports. UBS Group cut their price target 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. Morgan Stanley initiated coverage on shares of Mondelez International in a research report on Monday. They set an “overweight” rating and a $69.00 target price for the company. Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and lowered their price target for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. Stifel Nicolaus dropped their price objective on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Finally, Barclays decreased their target price on Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and a consensus target price of $69.70.

About Mondelez International

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.