Mondelez International, Inc. (NASDAQ:MDLZ) Shares Acquired by Clifford Swan Investment Counsel LLC

Clifford Swan Investment Counsel LLC lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 259,584 shares of the company’s stock after purchasing an additional 16,068 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in Mondelez International were worth $15,505,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Hazlett Burt & Watson Inc. increased its position in shares of Mondelez International by 16.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock worth $78,000 after purchasing an additional 150 shares in the last quarter. Canopy Partners LLC grew its holdings in shares of Mondelez International by 1.2% during the third quarter. Canopy Partners LLC now owns 13,335 shares of the company’s stock worth $982,000 after buying an additional 161 shares during the last quarter. Hardy Reed LLC grew its holdings in shares of Mondelez International by 1.4% during the third quarter. Hardy Reed LLC now owns 11,511 shares of the company’s stock worth $848,000 after buying an additional 161 shares during the last quarter. Interchange Capital Partners LLC grew its holdings in shares of Mondelez International by 4.9% during the third quarter. Interchange Capital Partners LLC now owns 3,490 shares of the company’s stock worth $257,000 after buying an additional 163 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC grew its holdings in shares of Mondelez International by 2.2% during the third quarter. Avidian Wealth Enterprises LLC now owns 7,641 shares of the company’s stock worth $563,000 after buying an additional 163 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $64.25 on Friday. The business’s 50 day simple moving average is $59.41 and its 200-day simple moving average is $65.71. The firm has a market capitalization of $83.11 billion, a price-to-earnings 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 current ratio of 0.68 and a quick ratio of 0.48. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06.

Mondelez International (NASDAQ:MDLZ) last announced 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, equities analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

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

Mondelez International declared that its board has authorized a stock repurchase program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 10.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

A number of equities analysts recently issued reports on MDLZ shares. The Goldman Sachs Group lowered their price target on Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Citigroup lowered their price target on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Argus lowered Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Wells Fargo & Company lowered their price target on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Finally, UBS Group lowered their price target on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and a consensus target price of $69.74.

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.