Villere ST Denis J & Co. LLC Cuts Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Villere ST Denis J & Co. LLC trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 354,046 shares of the company’s stock after selling 1,544 shares during the quarter. Villere ST Denis J & Co. LLC’s holdings in Mondelez International were worth $21,147,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Rhumbline Advisers increased its holdings in Mondelez International by 1.4% during the fourth quarter. Rhumbline Advisers now owns 2,742,126 shares of the company’s stock valued at $163,787,000 after buying an additional 37,897 shares during the period. PUREfi Wealth LLC purchased a new position in Mondelez International during the fourth quarter valued at approximately $383,000. Bank Pictet & Cie Europe AG increased its holdings in Mondelez International by 1.1% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 334,994 shares of the company’s stock valued at $20,009,000 after buying an additional 3,706 shares during the period. Valeo Financial Advisors LLC increased its holdings in Mondelez International by 13.9% during the fourth quarter. Valeo Financial Advisors LLC now owns 38,381 shares of the company’s stock valued at $2,293,000 after buying an additional 4,683 shares during the period. Finally, Asset Planning Inc purchased a new position in Mondelez International during the fourth quarter valued at approximately $43,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on MDLZ. Stifel Nicolaus cut their price target on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Dbs Bank lowered shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. Mizuho lifted their price target on shares of Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday. Citigroup cut their price target on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Finally, UBS Group cut their price target on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and an average price target of $69.74.

Mondelez International Trading Down 0.6 %

NASDAQ MDLZ opened at $60.82 on Friday. The company has a market capitalization of $81.33 billion, a PE ratio of 17.78, a P/E/G ratio of 4.04 and a beta of 0.54. The company has a fifty day moving average of $59.02 and a 200 day moving average of $66.18. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.42.

Mondelez International (NASDAQ:MDLZ) last posted 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%. Research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a $0.47 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.09%. Mondelez International’s dividend payout ratio (DPR) is currently 54.97%.

Mondelez International declared that its Board of Directors has authorized a share repurchase program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board 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.