Focus Financial Network Inc. Sells 525 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Focus Financial Network Inc. trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 10.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 4,315 shares of the company’s stock after selling 525 shares during the period. Focus Financial Network Inc.’s holdings in Mondelez International were worth $260,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Truvestments Capital LLC acquired a new stake in Mondelez International in the third quarter worth about $25,000. Prospera Private Wealth LLC bought a new stake in shares of Mondelez International during the third quarter worth approximately $27,000. Richardson Financial Services Inc. lifted its holdings in Mondelez International by 100.0% in 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 period. Hager Investment Management Services LLC acquired a new stake in Mondelez International during the 4th quarter worth $27,000. Finally, Highline Wealth Partners LLC bought a new stake in shares of Mondelez International during the 3rd quarter valued at $38,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MDLZ has been the topic of several recent research reports. Stifel Nicolaus reduced their price target on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Dbs Bank lowered Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. UBS Group cut their price target on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Mizuho boosted their price objective on shares of Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a report on Friday. Finally, Citigroup cut their target price on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and a consensus target price of $69.74.

Mondelez International Stock Down 0.6 %

Shares of MDLZ stock opened at $60.82 on Friday. The firm’s fifty day moving average price is $59.02 and its two-hundred day moving average price is $66.18. The company has a current ratio of 0.68, a quick ratio of 0.42 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The firm has a market capitalization of $81.33 billion, a P/E ratio of 17.78, a PEG ratio of 4.04 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its earnings results 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%. On average, equities analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International announced that its Board of Directors has approved 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 typically an indication that the company’s board of directors believes its stock is undervalued.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be paid a $0.47 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.09%. Mondelez International’s dividend payout ratio is presently 54.97%.

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.