Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC lowered its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 720,518 shares of the company’s stock after selling 800 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Mondelez International were worth $43,037,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Axiom Advisory LLC grew its holdings in shares of Mondelez International by 1.6% during the third quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock worth $643,000 after buying an additional 143 shares in the last quarter. Hazlett Burt & Watson Inc. raised its holdings in Mondelez International by 16.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock valued at $78,000 after acquiring an additional 150 shares during the last quarter. Carnegie Investment Counsel lifted its stake in Mondelez International by 1.4% in the 3rd quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock worth $811,000 after purchasing an additional 151 shares in the last quarter. SeaCrest Wealth Management LLC boosted its holdings in shares of Mondelez International by 1.3% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 12,130 shares of the company’s stock worth $894,000 after purchasing an additional 156 shares during the last quarter. Finally, Quent Capital LLC grew its position in shares of Mondelez International by 5.5% in the third quarter. Quent Capital LLC now owns 3,047 shares of the company’s stock valued at $225,000 after purchasing an additional 160 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Down 0.5 %

Shares of MDLZ stock traded down $0.29 during trading on Thursday, reaching $56.35. The company’s stock had a trading volume of 692,468 shares, compared to its average volume of 9,075,222. Mondelez International, Inc. has a 1-year low of $55.97 and a 1-year high of $77.20. The stock’s 50-day moving average price is $62.11 and its 200 day moving average price is $67.44. The company has a market capitalization of $75.35 billion, a price-to-earnings ratio of 19.98, a P/E/G ratio of 2.99 and a beta of 0.54. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. The business had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 earnings per share. On average, research analysts anticipate that Mondelez International, Inc. will post 3.48 EPS for the current year.

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

Mondelez International Dividend Announcement

The company also recently announced 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 3.34%. Mondelez International’s payout ratio is currently 66.67%.

Analysts Set New Price Targets

MDLZ has been the topic of several analyst reports. The Goldman Sachs Group reduced their price target on Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a report on Tuesday. Redburn Atlantic started coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 target price on the stock. Stifel Nicolaus increased their price target on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Citigroup cut their price target on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Finally, Bank of America upped their price objective on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $76.79.

About Mondelez International

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.