JFS Wealth Advisors LLC Cuts Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

JFS Wealth Advisors LLC lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 23.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,221 shares of the company’s stock after selling 667 shares during the period. JFS Wealth Advisors LLC’s holdings in Mondelez International were worth $133,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of MDLZ. Truvestments Capital LLC purchased a new stake in Mondelez International during the third quarter worth $25,000. Prospera Private Wealth LLC purchased a new stake in shares of Mondelez International during the 3rd quarter worth $27,000. Hager Investment Management Services LLC purchased a new stake in shares of Mondelez International during the 4th quarter worth $27,000. Richardson Financial Services Inc. boosted its position in Mondelez International by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares in the last quarter. Finally, McClarren Financial Advisors Inc. purchased a new position in Mondelez International in the fourth quarter valued at about $32,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ opened at $60.82 on Tuesday. The stock has a market cap of $81.33 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 4.04 and a beta of 0.54. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The company has a 50 day simple moving average of $58.98 and a two-hundred day simple moving average of $66.11. The company has a current ratio of 0.68, a quick ratio of 0.42 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. As a group, analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is 54.97%.

Mondelez International announced that its Board of Directors has approved a share repurchase program on Wednesday, December 11th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 10.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MDLZ. Redburn Atlantic initiated coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target on the stock. UBS Group cut their price target on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Citigroup decreased their price objective on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. DZ Bank cut Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective for the company. in a research report on Friday, February 7th. Finally, Stifel Nicolaus reduced their target price on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.74.

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.