Farther Finance Advisors LLC Cuts Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Farther Finance Advisors LLC lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 19.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,047 shares of the company’s stock after selling 2,902 shares during the quarter. Farther Finance Advisors LLC’s holdings in Mondelez International were worth $720,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Truvestments Capital LLC purchased a new position in Mondelez International in the third quarter worth approximately $25,000. Marshall Investment Management LLC acquired a new stake in shares of Mondelez International in the 4th quarter valued at $26,000. Prospera Private Wealth LLC purchased a new stake in shares of Mondelez International during the 3rd quarter worth $27,000. Hager Investment Management Services LLC acquired a new position in shares of Mondelez International during the fourth quarter worth $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Mondelez International in the fourth quarter valued at $31,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MDLZ. The Goldman Sachs Group decreased their price target on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, February 6th. UBS Group lowered their price target on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Citigroup cut their price objective 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. Royal Bank of Canada lowered their target price on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. Finally, Mizuho increased their target price on shares of Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $69.74.

Mondelez International Stock Performance

NASDAQ:MDLZ 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 firm has a market cap of $83.19 billion, a price-to-earnings ratio of 18.80, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The firm’s fifty day moving average price is $60.69 and its 200 day moving average price is $65.38. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results 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 net margin of 12.68% and a return on equity of 16.75%. On average, sell-side analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

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

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) 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.