Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Tower Bridge Advisors

Tower Bridge Advisors lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 67,034 shares of the company’s stock after selling 1,374 shares during the period. Tower Bridge Advisors’ holdings in Mondelez International were worth $4,004,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in MDLZ. Mizuho Securities USA LLC raised its position in Mondelez International by 12,057.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock worth $926,327,000 after buying an additional 12,470,573 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Mondelez International by 2,560.0% during the fourth quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company’s stock worth $203,749,000 after acquiring an additional 3,282,937 shares during the period. Ilex Capital Partners UK LLP acquired a new position in shares of Mondelez International during the third quarter worth about $219,045,000. FMR LLC raised its holdings in Mondelez International by 14.2% during the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock worth $1,344,894,000 after purchasing an additional 2,268,639 shares in the last quarter. Finally, Holocene Advisors LP acquired a new stake in Mondelez International in the third quarter valued at about $159,823,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Trading Up 0.4 %

Shares of MDLZ opened at $64.25 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The stock has a market cap of $83.11 billion, a price-to-earnings ratio of 18.79, a price-to-earnings-growth ratio of 4.34 and a beta of 0.54. The firm has a 50 day simple moving average of $59.41 and a 200-day simple moving average of $65.74.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results 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 analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be issued a $0.47 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a yield of 2.93%. Mondelez International’s dividend payout ratio (DPR) is 54.97%.

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their target price on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Wednesday, January 22nd. Citigroup dropped their price objective on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Argus cut Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Jefferies Financial Group lowered shares of Mondelez International from a “buy” rating to a “hold” rating and decreased their target price for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. Finally, Stifel Nicolaus cut their price target on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $69.74.

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.