Mondelez International, Inc. (NASDAQ:MDLZ) Stock Holdings Decreased by New Republic Capital LLC

New Republic Capital LLC trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 18.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,891 shares of the company’s stock after selling 867 shares during the period. New Republic Capital LLC’s holdings in Mondelez International were worth $234,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Mondelez International by 242.5% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 9,042 shares of the company’s stock worth $670,000 after purchasing an additional 6,402 shares in the last quarter. Carnegie Investment Counsel lifted its position in Mondelez International by 1.4% in the 3rd quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock worth $811,000 after buying an additional 151 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Mondelez International by 177.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 26,696 shares of the company’s stock valued at $1,967,000 after buying an additional 17,060 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Mondelez International by 7.5% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 26,675 shares of the company’s stock valued at $1,965,000 after buying an additional 1,868 shares during the period. Finally, Stablepoint Partners LLC increased its stake in shares of Mondelez International by 1.8% in the third quarter. Stablepoint Partners LLC now owns 39,404 shares of the company’s stock worth $2,903,000 after acquiring an additional 679 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

MDLZ has been the topic of a number of recent research reports. Jefferies Financial Group downgraded Mondelez International from a “buy” rating to a “hold” rating and lowered their target price for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. Citigroup cut 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. Royal Bank of Canada cut their target price on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating for the company in a research note on Thursday, February 6th. Stifel Nicolaus dropped their price objective on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Finally, The Goldman Sachs Group cut their price objective on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $69.72.

Mondelez International Price Performance

Mondelez International stock opened at $58.53 on Tuesday. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The firm has a market cap of $78.27 billion, a P/E ratio of 17.11, a P/E/G ratio of 4.04 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.42 and a current ratio of 0.68. The business’s fifty day moving average is $59.34 and its two-hundred day moving average is $66.35.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share 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 forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently announced 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 was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 3.21%. Mondelez International’s payout ratio is presently 54.97%.

Mondelez International announced that its board has authorized a share buyback program on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to purchase up to 10.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Mondelez International Company 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.