Folger Nolan Fleming Douglas Capital Management Inc. Has $417,000 Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Folger Nolan Fleming Douglas Capital Management Inc. cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 10.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,980 shares of the company’s stock after selling 846 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Mondelez International were worth $417,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Mercer Global Advisors Inc. ADV grew its stake in shares of Mondelez International by 9.1% during the second quarter. Mercer Global Advisors Inc. ADV now owns 134,317 shares of the company’s stock valued at $8,790,000 after purchasing an additional 11,234 shares during the last quarter. Blair William & Co. IL boosted its position in Mondelez International by 13.6% in the 2nd quarter. Blair William & Co. IL now owns 293,460 shares of the company’s stock valued at $19,204,000 after buying an additional 35,108 shares during the last quarter. Intech Investment Management LLC boosted its position in Mondelez International by 27.8% in the 2nd quarter. Intech Investment Management LLC now owns 116,446 shares of the company’s stock valued at $7,620,000 after buying an additional 25,311 shares during the last quarter. Brighton Jones LLC increased its stake in shares of Mondelez International by 3.5% in the 2nd quarter. Brighton Jones LLC now owns 8,665 shares of the company’s stock valued at $567,000 after buying an additional 297 shares during the period. Finally, Ieq Capital LLC raised its position in shares of Mondelez International by 2.7% during the second quarter. Ieq Capital LLC now owns 110,481 shares of the company’s stock worth $7,230,000 after acquiring an additional 2,907 shares during the last quarter. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Down 0.2 %

NASDAQ:MDLZ opened at $57.86 on Friday. The stock has a 50-day simple moving average of $61.76 and a 200 day simple moving average of $67.30. Mondelez International, Inc. has a 52-week low of $55.97 and a 52-week high of $77.20. The company has a market cap of $77.37 billion, a PE ratio of 20.52, a PEG ratio of 2.99 and a beta of 0.54. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63.

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

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

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.47 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.25%. Mondelez International’s dividend payout ratio is 66.67%.

Wall Street Analysts Forecast Growth

Several analysts have commented on MDLZ shares. Wells Fargo & Company reiterated an “equal weight” rating and set a $61.00 target price (down previously from $74.00) on shares of Mondelez International in a research report on Tuesday, January 7th. Evercore ISI upped their price objective on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Piper Sandler cut their target price on Mondelez International from $84.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday. UBS Group decreased their target price on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Redburn Atlantic started coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and an average target price of $74.93.

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.