Wedbush Securities Inc. Sells 745 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Wedbush Securities Inc. trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,827 shares of the company’s stock after selling 745 shares during the quarter. Wedbush Securities Inc.’s holdings in Mondelez International were worth $1,662,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. United Bank boosted its position 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 purchasing an additional 2,549 shares in the last quarter. Janus Henderson Group PLC raised its stake in Mondelez International by 6.4% during the third quarter. Janus Henderson Group PLC now owns 211,427 shares of the company’s stock valued at $15,575,000 after buying an additional 12,697 shares during the last quarter. Stifel Financial Corp boosted its holdings in Mondelez International by 15.2% in the third quarter. Stifel Financial Corp now owns 1,144,202 shares of the company’s stock worth $84,294,000 after acquiring an additional 151,302 shares in the last quarter. EP Wealth Advisors LLC grew its stake in shares of Mondelez International by 10.0% in the third quarter. EP Wealth Advisors LLC now owns 26,982 shares of the company’s stock worth $1,988,000 after acquiring an additional 2,459 shares during the last quarter. Finally, iA Global Asset Management Inc. increased its holdings in shares of Mondelez International by 18.5% during the third quarter. iA Global Asset Management Inc. now owns 175,826 shares of the company’s stock valued at $12,953,000 after acquiring an additional 27,510 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on MDLZ shares. Citigroup cut their price objective on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Barclays cut their price target 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 decreased their price objective on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Wells Fargo & Company increased their target price on Mondelez International from $64.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, Dbs Bank cut Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and an average target price of $70.20.

Mondelez International Trading Down 2.3 %

Shares of Mondelez International stock opened at $66.31 on Friday. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The company’s fifty day simple moving average is $63.25 and its 200-day simple moving average is $64.54. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The stock has a market capitalization of $85.77 billion, a PE ratio of 19.39, a P/E/G ratio of 4.34 and a beta of 0.47.

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

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 issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.84%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio is 54.97%.

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

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.