Elo Mutual Pension Insurance Co Reduces Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Elo Mutual Pension Insurance Co lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 121,902 shares of the company’s stock after selling 5,580 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Mondelez International were worth $7,281,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of MDLZ. Truvestments Capital LLC bought a new position in Mondelez International during the third quarter valued at $25,000. Marshall Investment Management LLC bought a new position in shares of Mondelez International during the 4th quarter worth $26,000. Hager Investment Management Services LLC purchased a new stake in Mondelez International in the 4th quarter worth about $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in Mondelez International in the 4th quarter valued at about $31,000. Finally, McClarren Financial Advisors Inc. purchased a new stake in Mondelez International during the fourth quarter valued at about $32,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Up 1.8 %

Shares of MDLZ stock opened at $67.50 on Friday. The business has a 50-day moving average price of $62.06 and a two-hundred day moving average price of $64.94. 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 firm has a market cap of $87.31 billion, a P/E ratio of 19.74, a price-to-earnings-growth 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 for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Equities analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International announced that its board has authorized a stock repurchase 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 usually a sign that the company’s leadership believes its stock is undervalued.

Mondelez International Dividend Announcement

The firm 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 dividend yield of 2.79%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio is currently 54.97%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Argus lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. DZ Bank cut shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 target price on the stock. in a report on Friday, February 7th. 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. UBS Group decreased their price objective on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, The Goldman Sachs Group cut their target price on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $69.50.

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.