Northcape Wealth Management LLC Reduces Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Northcape Wealth Management LLC reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 17.4% during the 4th quarter, Holdings Channel reports. The fund owned 22,488 shares of the company’s stock after selling 4,727 shares during the period. Northcape Wealth Management LLC’s holdings in Mondelez International were worth $1,343,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Truvestments Capital LLC purchased a new stake in Mondelez International in the 3rd quarter worth approximately $25,000. Prospera Private Wealth LLC acquired a new stake in shares of Mondelez International during the third quarter worth $27,000. Hager Investment Management Services LLC purchased a new stake in shares of Mondelez International in the fourth quarter valued at $27,000. Richardson Financial Services Inc. increased its stake in Mondelez International by 100.0% in 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 during the last quarter. Finally, McClarren Financial Advisors Inc. purchased a new position in Mondelez International during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Redburn Atlantic assumed coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective for the company. The Goldman Sachs Group dropped their price target on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Wells Fargo & Company decreased their price target on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. DZ Bank downgraded Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective for the company. in a report on Friday, February 7th. Finally, Mizuho lifted their target price on Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.74.

Mondelez International Trading Up 0.6 %

MDLZ opened at $61.18 on Wednesday. The firm’s 50 day moving average is $58.95 and its 200-day moving average is $66.00. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $79.14 billion, a P/E ratio of 17.89, a P/E/G ratio of 4.24 and a beta of 0.54.

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

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

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is 54.97%.

Mondelez International 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.