Sterling Investment Advisors Ltd. Has $1.41 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Sterling Investment Advisors Ltd. raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.5% during the fourth quarter, HoldingsChannel reports. The firm owned 23,678 shares of the company’s stock after acquiring an additional 350 shares during the quarter. Sterling Investment Advisors Ltd.’s holdings in Mondelez International were worth $1,414,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Truvestments Capital LLC acquired a new stake in shares of Mondelez International in the 3rd quarter valued at $25,000. Marshall Investment Management LLC bought a new position in shares of Mondelez International in the 4th quarter valued at $26,000. Prospera Private Wealth LLC bought a new position in shares of Mondelez International in the 3rd quarter valued at $27,000. Hager Investment Management Services LLC bought a new position in shares of Mondelez International in the 4th quarter valued at $27,000. Finally, McClarren Financial Advisors Inc. bought a new position in shares of Mondelez International in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Price Performance

NASDAQ MDLZ opened at $65.36 on Tuesday. The company has a market capitalization of $84.54 billion, a PE ratio of 19.11, a price-to-earnings-growth ratio of 4.34 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The business’s fifty day moving average is $59.05 and its 200 day moving average is $65.83. 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 posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 EPS 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%. Sell-side analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be paid 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 2.88%. Mondelez International’s payout ratio is currently 54.97%.

Mondelez International announced that its Board of Directors has initiated a share repurchase plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. 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 report on Thursday, February 6th. Argus downgraded Mondelez International from a “buy” rating to a “hold” rating in a report on Friday. Barclays decreased their price objective on Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Dbs Bank cut Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. Finally, Wells Fargo & Company cut their target price on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. 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 stock. Based on data from MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and an average price target of $69.74.

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.