Lester Murray Antman dba SimplyRich Has $899,000 Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Lester Murray Antman dba SimplyRich reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,065 shares of the company’s stock after selling 880 shares during the quarter. Lester Murray Antman dba SimplyRich’s holdings in Mondelez International were worth $899,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MDLZ. Kentucky Trust Co bought a new position in shares of Mondelez International during the 4th quarter worth approximately $102,000. Community Financial Services Group LLC grew its position in Mondelez International by 4.2% in the fourth quarter. Community Financial Services Group LLC now owns 43,983 shares of the company’s stock valued at $2,627,000 after purchasing an additional 1,767 shares in the last quarter. Leavell Investment Management Inc. increased its stake in Mondelez International by 5.3% in the 4th quarter. Leavell Investment Management Inc. now owns 11,602 shares of the company’s stock valued at $698,000 after buying an additional 580 shares during the last quarter. Portfolio Design Labs LLC lifted its position in Mondelez International by 79.9% during the 4th quarter. Portfolio Design Labs LLC now owns 35,042 shares of the company’s stock worth $2,093,000 after buying an additional 15,563 shares in the last quarter. Finally, Quent Capital LLC boosted its stake in shares of Mondelez International by 26.9% during the 4th quarter. Quent Capital LLC now owns 3,867 shares of the company’s stock worth $231,000 after buying an additional 820 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of several analyst reports. DZ Bank lowered Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 target price on the stock. in a report on Friday, February 7th. Bank of America upped their price objective on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and decreased their target price for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. Redburn Atlantic initiated coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target on the stock. Finally, Royal Bank of Canada decreased their price objective on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.72.

Mondelez International Trading Up 3.3 %

Shares of NASDAQ:MDLZ opened at $60.45 on Wednesday. The stock has a market cap of $80.83 billion, a PE ratio of 17.68, a P/E/G ratio of 4.04 and a beta of 0.54. The company has a quick ratio of 0.42, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The business has a 50 day moving average of $59.20 and a 200-day moving average of $66.30.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data 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%. As a group, equities research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

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

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s dividend payout ratio is 54.97%.

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.