Heritage Wealth Management Inc. Sells 200 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Heritage Wealth Management Inc. cut its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,759 shares of the company’s stock after selling 200 shares during the quarter. Heritage Wealth Management Inc.’s holdings in Mondelez International were worth $1,180,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Truvestments Capital LLC bought a new stake in shares of Mondelez International during the third quarter valued at approximately $25,000. Prospera Private Wealth LLC bought a new stake in Mondelez International in the third quarter worth $27,000. Marshall Investment Management LLC bought a new stake in Mondelez International in the fourth quarter worth $26,000. Hager Investment Management Services LLC bought a new stake in Mondelez International in the fourth quarter worth $27,000. Finally, Sierra Ocean LLC bought a new stake in Mondelez International in the fourth quarter worth $32,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Up 0.4 %

Mondelez International stock opened at $64.25 on Friday. The stock has a market cap of $83.11 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 4.34 and a beta of 0.54. 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 one year low of $53.95 and a one year high of $76.06. The stock has a fifty day moving average of $59.41 and a 200 day moving average of $65.71.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data 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 net margin of 12.68% and a return on equity of 16.75%. As a group, sell-side analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

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

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.93%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio is presently 54.97%.

Wall Street Analysts Forecast Growth

Several research firms have commented on MDLZ. Barclays dropped their target price on Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Dbs Bank downgraded Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft dropped their target price on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a report on Wednesday, January 22nd. Citigroup dropped their target price on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Finally, Mizuho boosted their target price on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.74.

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.