GLOBALT Investments LLC GA Cuts Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

GLOBALT Investments LLC GA reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 68,750 shares of the company’s stock after selling 1,617 shares during the period. GLOBALT Investments LLC GA’s holdings in Mondelez International were worth $4,106,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MDLZ. United Bank boosted its holdings in shares of Mondelez International by 12.7% in the 3rd quarter. United Bank now owns 22,649 shares of the company’s stock worth $1,669,000 after buying an additional 2,549 shares during the last quarter. Versor Investments LP purchased a new stake in Mondelez International during the third quarter valued at about $243,000. Coastline Trust Co purchased a new stake in Mondelez International during the third quarter valued at about $94,000. Natixis Advisors LLC lifted its holdings in Mondelez International by 12.2% during the third quarter. Natixis Advisors LLC now owns 1,326,627 shares of the company’s stock valued at $97,733,000 after purchasing an additional 144,160 shares during the last quarter. Finally, Atlanta Consulting Group Advisors LLC lifted its holdings in Mondelez International by 3.4% during the third quarter. Atlanta Consulting Group Advisors LLC now owns 6,450 shares of the company’s stock valued at $475,000 after purchasing an additional 215 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Trading Down 0.6 %

MDLZ stock opened at $64.31 on Monday. The company has a market capitalization of $83.19 billion, a PE ratio of 18.80, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The company’s 50 day moving average price is $60.69 and its two-hundred day moving average price is $65.34. 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 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%. As a group, analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International declared that its Board of Directors has approved a stock 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 repurchase up to 10.7% of its shares through open market purchases. Shares repurchase programs are usually 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 2.92%. The ex-dividend date is Monday, March 31st. Mondelez International’s payout ratio is 54.97%.

Wall Street Analyst Weigh In

Several research firms have commented on MDLZ. Deutsche Bank Aktiengesellschaft dropped their price objective 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. Mizuho increased their price target on shares of Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. Stifel Nicolaus lowered their price target on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Royal Bank of Canada lowered 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, Citigroup lowered their price target on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $69.74.

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.