Mogy Joel R Investment Counsel Inc. Reduces Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Mogy Joel R Investment Counsel Inc. reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 20,140 shares of the company’s stock after selling 1,050 shares during the period. Mogy Joel R Investment Counsel Inc.’s holdings in Mondelez International were worth $1,203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Truvestments Capital LLC bought a new position in shares of Mondelez International during the 3rd quarter worth $25,000. Prospera Private Wealth LLC purchased a new stake in Mondelez International during the third quarter valued at about $27,000. Richardson Financial Services Inc. boosted its position in Mondelez International by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares during the period. Highline Wealth Partners LLC purchased a new position in shares of Mondelez International in the third quarter worth about $38,000. Finally, Hara Capital LLC bought a new stake in shares of Mondelez International in the third quarter valued at approximately $45,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ opened at $57.86 on Tuesday. The stock’s 50-day moving average is $61.43 and its 200 day moving average is $67.20. The stock has a market cap of $77.37 billion, a price-to-earnings ratio of 20.52, a P/E/G ratio of 3.12 and a beta of 0.54. Mondelez International, Inc. has a 1-year low of $55.97 and a 1-year high of $77.20. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. During the same period last year, the firm posted $0.82 earnings per share. The business’s revenue was up 1.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Mondelez International, Inc. will post 3.47 EPS for the current fiscal year.

Mondelez International declared that its board has approved a stock buyback program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 3.25%. Mondelez International’s payout ratio is 66.67%.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of a number of recent research reports. Evercore ISI lifted their price objective on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Redburn Atlantic began coverage on Mondelez International in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target for the company. Wells Fargo & Company reissued an “equal weight” rating and set a $61.00 price objective (down previously from $74.00) on shares of Mondelez International in a report on Tuesday, January 7th. Stifel Nicolaus upped their price target on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, The Goldman Sachs Group cut their price objective on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.13.

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.