Carret Asset Management LLC Has $1.20 Million Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Carret Asset Management LLC lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.4% in the fourth quarter, HoldingsChannel reports. The fund owned 20,066 shares of the company’s stock after selling 290 shares during the period. Carret Asset Management LLC’s holdings in Mondelez International were worth $1,199,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MDLZ. United Bank boosted its position in Mondelez International by 12.7% during the 3rd quarter. United Bank now owns 22,649 shares of the company’s stock worth $1,669,000 after acquiring an additional 2,549 shares during the last quarter. Versor Investments LP acquired a new position in Mondelez International during the 3rd quarter worth approximately $243,000. Nations Financial Group Inc. IA ADV acquired a new position in Mondelez International during the 3rd quarter worth approximately $262,000. Oppenheimer Asset Management Inc. boosted its position in Mondelez International by 158.1% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 110,955 shares of the company’s stock worth $8,174,000 after acquiring an additional 67,960 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its position in Mondelez International by 8.3% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 43,897 shares of the company’s stock worth $3,234,000 after acquiring an additional 3,373 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Down 0.6 %

MDLZ stock opened at $64.31 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The stock has a market capitalization of $83.19 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 4.34 and a beta of 0.50. The business’s fifty day moving average price is $60.69 and its two-hundred day moving average price is $65.42. 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 data on Tuesday, February 4th. The company reported $0.65 earnings per share 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 anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders 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 yield of 2.92%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s payout ratio is 54.97%.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MDLZ. Jefferies Financial Group cut Mondelez International from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $75.00 to $62.00 in a research note on Tuesday, January 21st. The Goldman Sachs Group dropped their price objective on Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Dbs Bank cut Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. Barclays dropped their price objective on Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Finally, UBS Group dropped their price objective on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.