Savant Capital LLC Cuts Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Savant Capital LLC decreased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 7.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,322 shares of the company’s stock after selling 2,284 shares during the period. Savant Capital LLC’s holdings in Mondelez International were worth $1,632,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Truvestments Capital LLC purchased a new position in shares of Mondelez International during the third quarter valued at approximately $25,000. Prospera Private Wealth LLC purchased a new position in shares of Mondelez International during the third quarter valued at approximately $27,000. Hager Investment Management Services LLC purchased a new position in shares of Mondelez International during the fourth quarter valued at approximately $27,000. Richardson Financial Services Inc. boosted its position in shares of Mondelez International by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after buying an additional 200 shares during the last quarter. Finally, Highline Wealth Partners LLC purchased a new position in shares of Mondelez International during the third quarter valued at approximately $38,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Up 0.9 %

Shares of NASDAQ MDLZ opened at $61.16 on Friday. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.42. The business’s fifty day moving average price is $59.06 and its 200-day moving average price is $66.22. The stock has a market capitalization of $81.78 billion, a PE ratio of 17.88, a P/E/G ratio of 4.04 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last issued 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%. On average, equities research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

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

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.07%. Mondelez International’s payout ratio is 54.97%.

Analyst Ratings Changes

MDLZ has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft cut their target price 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. Barclays cut their price objective on Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Wells Fargo & Company cut their price objective 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. Citigroup cut their price objective on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Finally, DZ Bank cut Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective on the stock. in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $69.72.

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.