Strategy Asset Managers LLC Sells 1,078 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Strategy Asset Managers LLC trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 12.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,448 shares of the company’s stock after selling 1,078 shares during the period. Strategy Asset Managers LLC’s holdings in Mondelez International were worth $445,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Continuum Advisory LLC lifted its position in shares of Mondelez International by 7.4% during the 3rd quarter. Continuum Advisory LLC now owns 2,542 shares of the company’s stock valued at $187,000 after buying an additional 175 shares during the last quarter. First Horizon Advisors Inc. raised its stake in Mondelez International by 1.8% in the 4th quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company’s stock valued at $627,000 after acquiring an additional 181 shares during the period. Traphagen Investment Advisors LLC lifted its holdings in Mondelez International by 0.8% during the fourth quarter. Traphagen Investment Advisors LLC now owns 23,619 shares of the company’s stock valued at $1,411,000 after purchasing an additional 187 shares during the last quarter. Core Alternative Capital boosted its position in Mondelez International by 1.7% during the fourth quarter. Core Alternative Capital now owns 11,448 shares of the company’s stock worth $684,000 after purchasing an additional 187 shares during the period. Finally, Waldron Private Wealth LLC increased its stake in shares of Mondelez International by 1.0% in the fourth quarter. Waldron Private Wealth LLC now owns 19,496 shares of the company’s stock worth $1,164,000 after purchasing an additional 191 shares in the last quarter. 78.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on MDLZ shares. Dbs Bank downgraded shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. Jefferies Financial Group lowered Mondelez International from a “buy” rating to a “hold” rating and cut their price target for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. Stifel Nicolaus reduced their price target on Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft dropped their price objective on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a report on Wednesday, January 22nd. Finally, Argus lowered Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and an average price target of $69.50.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ opened at $67.72 on Friday. The stock’s 50-day moving average is $62.25 and its 200 day moving average is $64.81. The stock has a market cap of $87.60 billion, a price-to-earnings ratio of 19.80, a P/E/G ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year 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 posted its quarterly earnings results 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 return on equity of 16.75% and a net margin of 12.68%. On average, sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders 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 yield of 2.78%. Mondelez International’s payout ratio is 54.97%.

Mondelez International announced that its board has authorized a share repurchase plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

About Mondelez International

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.