Addison Advisors LLC Has $267,000 Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Addison Advisors LLC reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 27.4% in the 4th quarter, Holdings Channel reports. The firm owned 4,463 shares of the company’s stock after selling 1,682 shares during the period. Addison Advisors LLC’s holdings in Mondelez International were worth $267,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. raised its holdings in shares of Mondelez International by 16.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock worth $78,000 after buying an additional 150 shares in the last quarter. Canopy Partners LLC grew its position in Mondelez International by 1.2% in the third quarter. Canopy Partners LLC now owns 13,335 shares of the company’s stock valued at $982,000 after acquiring an additional 161 shares during the last quarter. Hardy Reed LLC raised its stake in Mondelez International by 1.4% during the third quarter. Hardy Reed LLC now owns 11,511 shares of the company’s stock worth $848,000 after acquiring an additional 161 shares in the last quarter. Interchange Capital Partners LLC raised its stake in Mondelez International by 4.9% during the third quarter. Interchange Capital Partners LLC now owns 3,490 shares of the company’s stock worth $257,000 after acquiring an additional 163 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC raised its stake in Mondelez International by 2.2% during the third quarter. Avidian Wealth Enterprises LLC now owns 7,641 shares of the company’s stock worth $563,000 after acquiring an additional 163 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. UBS Group lowered their target price on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Mizuho boosted their target price on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, February 14th. The Goldman Sachs Group lowered their target price on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Jefferies Financial Group downgraded Mondelez International from a “buy” rating to a “hold” rating and lowered their target price for the stock from $75.00 to $62.00 in a research note on Tuesday, January 21st. Finally, Barclays lowered their target price on Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. One equities 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 stock. Based on data from MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and an average target price of $69.74.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $65.36 on Tuesday. The company has a market capitalization of $84.55 billion, a PE ratio of 19.11, a P/E/G ratio of 4.34 and a beta of 0.54. The company has a 50 day simple moving average of $59.05 and a two-hundred day simple moving average of $65.83. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

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 given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio is presently 54.97%.

Mondelez International declared that its board has initiated a share repurchase program on Wednesday, December 11th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 10.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

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.