First Fiduciary Investment Counsel Inc. Has $3.16 Million Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

First Fiduciary Investment Counsel Inc. cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 28.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 52,971 shares of the company’s stock after selling 20,679 shares during the period. First Fiduciary Investment Counsel Inc.’s holdings in Mondelez International were worth $3,164,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Sapient Capital LLC increased its holdings in shares of Mondelez International by 0.6% during the fourth quarter. Sapient Capital LLC now owns 36,887 shares of the company’s stock worth $2,221,000 after buying an additional 231 shares in the last quarter. Principle Wealth Partners LLC increased its holdings in Mondelez International by 5.6% in the fourth quarter. Principle Wealth Partners LLC now owns 10,641 shares of the company’s stock valued at $636,000 after purchasing an additional 568 shares during the period. Arlington Trust Co LLC increased its holdings in Mondelez International by 47.4% in the fourth quarter. Arlington Trust Co LLC now owns 3,083 shares of the company’s stock valued at $184,000 after purchasing an additional 992 shares during the period. Quilter Plc increased its holdings in Mondelez International by 3.0% in the fourth quarter. Quilter Plc now owns 889,192 shares of the company’s stock valued at $53,111,000 after purchasing an additional 26,023 shares during the period. Finally, Wingate Wealth Advisors Inc. acquired a new stake in Mondelez International in the fourth quarter valued at $81,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Trading Up 0.1 %

NASDAQ:MDLZ opened at $58.53 on Tuesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.42 and a current ratio of 0.68. The firm has a market cap of $78.27 billion, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 4.04 and a beta of 0.54. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The firm has a 50-day moving average price of $59.34 and a two-hundred day moving average price of $66.35.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 EPS 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, equities analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors 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 dividend yield of 3.21%. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on MDLZ shares. Bank of America increased 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. Piper Sandler downgraded Mondelez International from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $70.00 to $63.00 in a report on Friday, January 31st. Redburn Atlantic initiated coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target on the stock. Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and cut their price target for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. Finally, Royal Bank of Canada cut their price target on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $69.72.

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.