Quadrant Capital Group LLC Sells 2,230 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Quadrant Capital Group LLC reduced its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 18.0% during the fourth quarter, HoldingsChannel reports. The firm owned 10,176 shares of the company’s stock after selling 2,230 shares during the period. Quadrant Capital Group LLC’s holdings in Mondelez International were worth $608,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. United Bank boosted its holdings in shares of Mondelez International by 12.7% during the 3rd quarter. United Bank now owns 22,649 shares of the company’s stock valued at $1,669,000 after acquiring an additional 2,549 shares during the last quarter. Janus Henderson Group PLC lifted its position 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 purchasing an additional 12,697 shares during the period. EP Wealth Advisors LLC boosted its holdings in 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 purchasing an additional 2,459 shares during the last quarter. DF Dent & Co. Inc. grew its position in Mondelez International by 6.6% in the 3rd quarter. DF Dent & Co. Inc. now owns 21,342 shares of the company’s stock worth $1,572,000 after purchasing an additional 1,322 shares during the period. Finally, Orion Portfolio Solutions LLC raised its stake in Mondelez International by 10.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 92,782 shares of the company’s stock valued at $6,835,000 after buying an additional 8,886 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

Mondelez International stock opened at $66.31 on Monday. 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 twelve month low of $53.95 and a twelve month high of $76.06. The company’s 50-day moving average price is $63.25 and its 200-day moving average price is $64.47. The company has a market cap of $85.77 billion, a PE ratio of 19.39, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. On average, equities research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International announced that its board has initiated a stock buyback program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s payout ratio is 54.97%.

Analyst Ratings Changes

MDLZ has been the topic of a number of research reports. Wells Fargo & Company raised their price target on Mondelez International from $64.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 2nd. UBS Group dropped their price target on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. DZ Bank lowered Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target for the company. in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research note on Wednesday, January 22nd. Finally, Morgan Stanley began coverage on shares of Mondelez International in a research note on Monday, March 24th. They set an “overweight” rating and a $69.00 target price on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $70.20.

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.