Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 12.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,662 shares of the company’s stock after selling 1,543 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Mondelez International were worth $612,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. LGT Fund Management Co Ltd. boosted its holdings in Mondelez International by 28.5% during the fourth quarter. LGT Fund Management Co Ltd. now owns 10,600 shares of the company’s stock worth $633,000 after buying an additional 2,349 shares in the last quarter. LGT Group Foundation boosted its stake in shares of Mondelez International by 3.5% during the 4th quarter. LGT Group Foundation now owns 314,345 shares of the company’s stock worth $18,776,000 after acquiring an additional 10,637 shares in the last quarter. DJE Kapital AG purchased a new stake in shares of Mondelez International during the 4th quarter worth about $4,681,000. Plato Investment Management Ltd grew its position in shares of Mondelez International by 3.4% during the 4th quarter. Plato Investment Management Ltd now owns 51,595 shares of the company’s stock valued at $3,093,000 after acquiring an additional 1,678 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Mondelez International in the 4th quarter valued at about $336,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Up 2.4 %

Shares of MDLZ opened at $65.78 on Tuesday. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The stock has a fifty day simple moving average of $59.54 and a two-hundred day simple moving average of $65.64. The company has a market capitalization of $85.09 billion, a PE ratio of 19.23, a price-to-earnings-growth ratio of 4.34 and a beta of 0.54.

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%. As a group, equities analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The company also recently declared 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. This represents a $1.88 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s payout ratio is presently 54.97%.

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

Analysts Set New Price Targets

MDLZ has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their price target 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. DZ Bank cut shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target on the stock. in a research note on Friday, February 7th. Barclays reduced their price objective on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Royal Bank of Canada dropped their target price on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. Finally, Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and cut their target price for the stock from $75.00 to $62.00 in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.74.

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.