Financial Counselors Inc. Sells 3,730 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Financial Counselors Inc. lowered its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 10.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 33,171 shares of the company’s stock after selling 3,730 shares during the quarter. Financial Counselors Inc.’s holdings in Mondelez International were worth $1,981,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Truvestments Capital LLC purchased a new position in shares of Mondelez International in the third quarter worth about $25,000. Marshall Investment Management LLC bought a new position in Mondelez International during the 4th quarter worth approximately $26,000. Hager Investment Management Services LLC purchased a new position in Mondelez International in the 4th quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in Mondelez International in the fourth quarter valued at approximately $31,000. Finally, Sierra Ocean LLC purchased a new stake in shares of Mondelez International during the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of MDLZ opened at $67.50 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The stock has a market cap of $87.31 billion, a P/E ratio of 19.74, a P/E/G ratio of 4.34 and a beta of 0.50. The business’s 50 day moving average price is $62.06 and its 200-day moving average price is $64.94. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06.

Mondelez International (NASDAQ:MDLZ) last released its 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%. Equities research analysts anticipate 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 initiated 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 reacquire up to 10.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Mondelez International Announces Dividend

The company 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. This represents a $1.88 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is 54.97%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on MDLZ shares. The Goldman Sachs Group lowered their price target on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft lowered 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. Royal Bank of Canada cut their target price on Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Morgan Stanley assumed coverage on Mondelez International in a research report on Monday. They set an “overweight” rating and a $69.00 price target for the company. Finally, Argus lowered Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $69.50.

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.