Transcend Capital Advisors LLC Has $1.34 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Transcend Capital Advisors LLC cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 25.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,398 shares of the company’s stock after selling 7,649 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Mondelez International were worth $1,338,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Paradigm Asset Management Co. LLC lifted its holdings in Mondelez International by 22.4% during the 4th quarter. Paradigm Asset Management Co. LLC now owns 22,366 shares of the company’s stock worth $1,336,000 after buying an additional 4,100 shares in the last quarter. Centricity Wealth Management LLC bought a new stake in shares of Mondelez International during the fourth quarter worth $46,000. Waterfront Wealth Inc. raised its position in shares of Mondelez International by 2.1% during the fourth quarter. Waterfront Wealth Inc. now owns 14,960 shares of the company’s stock worth $894,000 after acquiring an additional 314 shares during the last quarter. Nicholson Wealth Management Group LLC lifted its stake in shares of Mondelez International by 111.2% during the fourth quarter. Nicholson Wealth Management Group LLC now owns 24,497 shares of the company’s stock valued at $1,463,000 after acquiring an additional 12,898 shares during the period. Finally, Mattern Capital Management LLC boosted its holdings in Mondelez International by 10.9% in the fourth quarter. Mattern Capital Management LLC now owns 123,519 shares of the company’s stock valued at $7,378,000 after acquiring an additional 12,123 shares during the last quarter. 78.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

MDLZ has been the subject of several recent research reports. Mizuho boosted their price objective on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. Stifel Nicolaus dropped their price target on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Wednesday, January 22nd. Citigroup lowered their target price on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Finally, The Goldman Sachs Group cut their price target on Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $69.74.

Mondelez International Stock Performance

Shares of MDLZ opened at $64.70 on Friday. The firm has a market cap of $83.69 billion, a P/E ratio of 18.92, a PEG ratio of 4.32 and a beta of 0.54. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The firm’s 50 day moving average price is $58.98 and its two-hundred day moving average price is $65.91.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data 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 net margin of 12.68% and a return on equity of 16.75%. On average, analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders 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 2.91%. Mondelez International’s dividend payout ratio is currently 54.97%.

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

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.