Moors & Cabot Inc. Sells 527 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Moors & Cabot Inc. reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,836 shares of the company’s stock after selling 527 shares during the quarter. Moors & Cabot Inc.’s holdings in Mondelez International were worth $2,499,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Truvestments Capital LLC bought a new position in Mondelez International in the 3rd quarter valued at about $25,000. Prospera Private Wealth LLC bought a new position in Mondelez International in the 3rd quarter valued at about $27,000. Marshall Investment Management LLC bought a new position in Mondelez International in the 4th quarter valued at about $26,000. Hager Investment Management Services LLC bought a new position in Mondelez International in the 4th quarter valued at about $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Mondelez International in the 4th quarter valued at about $31,000. 78.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on MDLZ. Jefferies Financial Group lowered shares of Mondelez International from a “buy” rating to a “hold” rating and decreased their target price for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. The Goldman Sachs Group decreased their target price on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Barclays decreased their target price on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Citigroup decreased their target price on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada decreased their target price 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 research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $69.74.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $64.98 on Thursday. The company has a market cap of $84.05 billion, a price-to-earnings ratio of 19.00, a PEG ratio of 4.34 and a beta of 0.50. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The firm has a 50 day simple moving average of $60.50 and a 200 day simple moving average of $65.47. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06.

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 net margin of 12.68% and a return on equity of 16.75%. Research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio is presently 54.97%.

Mondelez International declared that its Board of Directors has initiated a share repurchase plan on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to repurchase up to 10.7% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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.