Mondelez International, Inc. (NASDAQ:MDLZ) Stock Holdings Lessened by Luts & Greenleigh Group Inc.

Luts & Greenleigh Group Inc. trimmed its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,576 shares of the company’s stock after selling 370 shares during the quarter. Luts & Greenleigh Group Inc.’s holdings in Mondelez International were worth $632,000 at the end of the most recent quarter.

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

Mondelez International Price Performance

Shares of Mondelez International stock opened at $57.60 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The firm’s 50-day simple moving average is $61.25 and its 200-day simple moving average is $67.13. The firm has a market cap of $77.02 billion, a P/E ratio of 20.43, a price-to-earnings-growth ratio of 3.12 and a beta of 0.54. Mondelez International, Inc. has a twelve month low of $55.97 and a twelve month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. The company had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business’s revenue was up 1.9% on a year-over-year basis. During the same period last year, the business earned $0.82 earnings per share. As a group, research analysts expect that Mondelez International, Inc. will post 3.47 EPS for the current fiscal year.

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

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were given a $0.47 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 3.26%. Mondelez International’s payout ratio is 66.67%.

Analyst Upgrades and Downgrades

MDLZ has been the topic of several analyst reports. UBS Group lowered their price target on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Citigroup dropped their price objective on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Stifel Nicolaus raised their target price on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a report on Friday, October 25th. The Goldman Sachs Group dropped their price target 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. Finally, Evercore ISI increased their price objective on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $73.81.

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.