Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Good Life Advisors LLC

Good Life Advisors LLC decreased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 30.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,447 shares of the company’s stock after selling 1,926 shares during the period. Good Life Advisors LLC’s holdings in Mondelez International were worth $266,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Czech National Bank increased its holdings in shares of Mondelez International by 6.5% during the 4th quarter. Czech National Bank now owns 289,931 shares of the company’s stock worth $17,318,000 after buying an additional 17,815 shares during the last quarter. Legacy Private Trust Co. increased its holdings in shares of Mondelez International by 33.2% during the 4th quarter. Legacy Private Trust Co. now owns 3,841 shares of the company’s stock worth $229,000 after buying an additional 957 shares during the last quarter. Buckingham Capital Management Inc. increased its holdings in shares of Mondelez International by 25.5% during the 4th quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company’s stock worth $5,578,000 after buying an additional 18,961 shares during the last quarter. Kennedy Investment Group acquired a new stake in shares of Mondelez International during the 4th quarter worth approximately $313,000. Finally, Rhumbline Advisers increased its holdings in shares of Mondelez International by 1.4% during the 4th quarter. Rhumbline Advisers now owns 2,742,126 shares of the company’s stock worth $163,787,000 after buying an additional 37,897 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MDLZ. Royal Bank of Canada cut their price target on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. Wells Fargo & Company cut their price target on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. 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 report on Wednesday, January 8th. Dbs Bank cut shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. Finally, Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $69.74.

Mondelez International Price Performance

Mondelez International stock opened at $64.70 on Friday. The stock has a market cap of $83.69 billion, a P/E ratio of 18.92, a price-to-earnings-growth ratio of 4.32 and a beta of 0.54. The company has a fifty day simple moving average of $58.98 and a 200-day simple moving average of $65.91. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58.

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

Mondelez International Dividend Announcement

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 is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.91%. Mondelez International’s dividend payout ratio (DPR) is currently 54.97%.

Mondelez International announced that its board has initiated a stock buyback program on Wednesday, December 11th that permits the company to buyback $9.00 billion in shares. This buyback authorization permits the company to repurchase up to 10.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are 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.