Templeton & Phillips Capital Management LLC Has $2.29 Million Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Templeton & Phillips Capital Management LLC reduced its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,267 shares of the company’s stock after selling 1,320 shares during the quarter. Mondelez International makes up approximately 1.8% of Templeton & Phillips Capital Management LLC’s holdings, making the stock its 10th biggest position. Templeton & Phillips Capital Management LLC’s holdings in Mondelez International were worth $2,286,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Raymond James Financial Inc. bought a new position in shares of Mondelez International in the fourth quarter valued at $256,832,000. Van ECK Associates Corp grew its stake in shares of Mondelez International by 2,560.0% in the fourth quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company’s stock valued at $203,749,000 after buying an additional 3,282,937 shares in the last quarter. Ilex Capital Partners UK LLP bought a new position in shares of Mondelez International in the third quarter valued at $219,045,000. FMR LLC lifted its holdings in Mondelez International by 14.2% during the 3rd quarter. FMR LLC now owns 18,255,657 shares of the company’s stock valued at $1,344,894,000 after purchasing an additional 2,268,639 shares during the last quarter. Finally, Holocene Advisors LP acquired a new stake in Mondelez International during the 3rd quarter valued at $159,823,000. 78.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MDLZ has been the subject of several research reports. Stifel Nicolaus cut their price target on Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a report on Friday, January 24th. The Goldman Sachs Group cut their price target on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Citigroup cut their price target on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Argus downgraded Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Finally, Barclays cut their price target on Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $69.74.

Mondelez International Stock Performance

Mondelez International stock opened at $64.51 on Monday. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month 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 business’s 50-day moving average price is $61.35 and its two-hundred day moving average price is $65.06. The stock has a market cap of $83.45 billion, a PE ratio of 18.86, a P/E/G ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ) last released 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 expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders 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 dividend yield of 2.91%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is currently 54.97%.

Mondelez International announced that its board has authorized a stock buyback program on Wednesday, December 11th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 10.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is 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.