Harbor Investment Advisory LLC Trims Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Harbor Investment Advisory LLC reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 68.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,524 shares of the company’s stock after selling 12,159 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Mondelez International were worth $330,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Truvestments Capital LLC acquired a new position in Mondelez International during the third quarter worth $25,000. Prospera Private Wealth LLC acquired a new position in Mondelez International during the 3rd quarter worth about $27,000. Richardson Financial Services Inc. boosted its holdings in Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after acquiring an additional 200 shares during the period. Highline Wealth Partners LLC acquired a new position in Mondelez International in the 3rd quarter valued at about $38,000. Finally, Hara Capital LLC acquired a new stake in shares of Mondelez International during the third quarter worth about $45,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and dropped their price objective for the company from $75.00 to $62.00 in a report on Tuesday. The Goldman Sachs Group cut their price objective on Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Bank of America lifted their target price on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Citigroup cut their price target on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Finally, Stifel Nicolaus lifted their price objective on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and a consensus price target of $74.13.

Mondelez International Stock Down 0.4 %

Mondelez International stock opened at $57.60 on Wednesday. The stock’s 50 day moving average price is $61.43 and its 200 day moving average price is $67.20. Mondelez International, Inc. has a 1-year low of $55.97 and a 1-year high of $77.20. The company has a market cap of $77.02 billion, a PE ratio of 20.43, a price-to-earnings-growth ratio of 3.12 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 results 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. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.11 billion. During the same period in the prior year, the company posted $0.82 EPS. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, sell-side analysts predict that Mondelez International, Inc. will post 3.47 EPS for the current fiscal year.

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

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 3.26%. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.

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.