Bartlett & CO. Wealth Management LLC Trims Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Bartlett & CO. Wealth Management LLC lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 158,029 shares of the company’s stock after selling 9,409 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Mondelez International were worth $9,513,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. SG Americas Securities LLC boosted its stake in Mondelez International by 215.3% during the fourth quarter. SG Americas Securities LLC now owns 18,961 shares of the company’s stock valued at $1,133,000 after buying an additional 12,948 shares during the last quarter. Baker Ellis Asset Management LLC lifted its stake in shares of Mondelez International by 19.6% during the 4th quarter. Baker Ellis Asset Management LLC now owns 3,655 shares of the company’s stock worth $218,000 after acquiring an additional 600 shares during the last quarter. Daymark Wealth Partners LLC grew its holdings in shares of Mondelez International by 3.4% in the fourth quarter. Daymark Wealth Partners LLC now owns 16,631 shares of the company’s stock worth $993,000 after purchasing an additional 542 shares during the last quarter. Albion Financial Group UT bought a new position in shares of Mondelez International in the fourth quarter worth about $38,000. Finally, Advisory Alpha LLC grew its holdings in shares of Mondelez International by 12.5% in the fourth quarter. Advisory Alpha LLC now owns 9,957 shares of the company’s stock worth $595,000 after purchasing an additional 1,104 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $56.31 on Thursday. The firm has a market capitalization of $75.30 billion, a P/E ratio of 19.97, a P/E/G ratio of 3.12 and a beta of 0.54. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. Mondelez International, Inc. has a 1-year low of $55.97 and a 1-year high of $77.20. The business’s 50-day simple moving average is $61.25 and its 200-day simple moving average is $67.13.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. During the same period in the previous year, the business earned $0.82 EPS. Mondelez International’s revenue for the quarter was up 1.9% compared to the same quarter last year. Equities analysts predict that Mondelez International, Inc. will post 3.46 EPS for the current year.

Mondelez International announced that its Board of Directors has authorized a share buyback plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to purchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.47 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 3.34%. Mondelez International’s dividend payout ratio is presently 66.67%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Citigroup lowered their price objective on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. The Goldman Sachs Group decreased their price target 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. Stifel Nicolaus increased their price target on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $61.00 price objective (down from $74.00) on shares of Mondelez International in a research report on Tuesday, January 7th. Finally, Bank of America increased their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $73.81.

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.