MV Capital Management Inc. Reduces Position in Mondelez International, Inc. (NASDAQ:MDLZ)

MV Capital Management Inc. decreased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 29.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 808 shares of the company’s stock after selling 341 shares during the period. MV Capital Management Inc.’s holdings in Mondelez International were worth $48,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of MDLZ. Continuum Advisory LLC boosted its holdings in Mondelez International by 7.4% in the 3rd quarter. Continuum Advisory LLC now owns 2,542 shares of the company’s stock worth $187,000 after buying an additional 175 shares during the period. First Horizon Advisors Inc. lifted its position in shares of Mondelez International by 1.8% during the fourth quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company’s stock worth $627,000 after acquiring an additional 181 shares in the last quarter. Traphagen Investment Advisors LLC boosted its holdings in shares of Mondelez International by 0.8% in the fourth quarter. Traphagen Investment Advisors LLC now owns 23,619 shares of the company’s stock worth $1,411,000 after acquiring an additional 187 shares during the period. Core Alternative Capital grew its position in shares of Mondelez International by 1.7% in the fourth quarter. Core Alternative Capital now owns 11,448 shares of the company’s stock valued at $684,000 after purchasing an additional 187 shares in the last quarter. Finally, Waldron Private Wealth LLC raised its stake in shares of Mondelez International by 1.0% during the 4th quarter. Waldron Private Wealth LLC now owns 19,496 shares of the company’s stock valued at $1,164,000 after purchasing an additional 191 shares during the period. Institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Wells Fargo & Company reduced their target price on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. UBS Group reduced their price objective on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and lowered their target price for the stock from $75.00 to $62.00 in a research note on Tuesday, January 21st. Royal Bank of Canada decreased their price target on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Finally, DZ Bank downgraded Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective on the stock. in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $69.50.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $67.72 on Friday. The firm has a market cap of $87.60 billion, a price-to-earnings ratio of 19.80, a PEG ratio of 4.34 and a beta of 0.50. The company has a 50-day simple moving average of $62.25 and a two-hundred day simple moving average of $64.81. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06.

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 return on equity of 16.75% and a net margin of 12.68%. On average, equities analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International announced that its Board of Directors has initiated a share repurchase program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s payout ratio is 54.97%.

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.