Patten & Patten Inc. TN Sells 269 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Patten & Patten Inc. TN decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,264 shares of the company’s stock after selling 269 shares during the period. Patten & Patten Inc. TN’s holdings in Mondelez International were worth $494,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Truvestments Capital LLC bought a new stake in shares of Mondelez International during the third quarter valued at approximately $25,000. Marshall Investment Management LLC bought a new stake in shares of Mondelez International during the fourth quarter valued at approximately $26,000. Prospera Private Wealth LLC bought a new stake in shares of Mondelez International during the third quarter valued at approximately $27,000. Hager Investment Management Services LLC bought a new stake in shares of Mondelez International during the fourth quarter valued at approximately $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Mondelez International during the fourth quarter valued at approximately $31,000. Institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MDLZ. Citigroup reduced their price objective 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. The Goldman Sachs Group reduced their price objective 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. Stifel Nicolaus reduced their price target on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. DZ Bank cut shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target on the stock. in a research report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $69.74.

Mondelez International Stock Down 0.6 %

Shares of MDLZ opened at $64.31 on Monday. The firm has a market capitalization of $83.19 billion, a P/E ratio of 18.80, a P/E/G ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The firm has a fifty day moving average price of $60.69 and a 200-day moving average price of $65.34.

Mondelez International (NASDAQ:MDLZ) last issued 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%. Equities research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International announced that its board has authorized a share buyback program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to repurchase up to 10.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders 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 dividend yield of 2.92%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio is currently 54.97%.

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.