Mondelez International, Inc. (NASDAQ:MDLZ) Stock Holdings Lessened by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 76.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 37,787 shares of the company’s stock after selling 125,727 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Mondelez International were worth $2,257,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Truvestments Capital LLC acquired a new position in Mondelez International in the third quarter valued at approximately $25,000. Prospera Private Wealth LLC bought a new stake in shares of Mondelez International in the 3rd quarter worth approximately $27,000. Hager Investment Management Services LLC bought a new position in Mondelez International during the 4th quarter worth $27,000. Richardson Financial Services Inc. increased its position in Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after buying an additional 200 shares during the period. Finally, McClarren Financial Advisors Inc. bought a new stake in Mondelez International in the fourth quarter valued at $32,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of MDLZ opened at $62.17 on Friday. 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’s 50 day moving average is $58.92 and its 200-day moving average is $65.94. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The stock has a market capitalization of $80.42 billion, a P/E ratio of 18.18, a P/E/G ratio of 4.27 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last posted 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 return on equity of 16.75% and a net margin of 12.68%. Equities research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

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 issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio is 54.97%.

Mondelez International declared that its Board of Directors has authorized a share buyback program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MDLZ. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research report on Wednesday, January 22nd. Stifel Nicolaus dropped 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 note on Friday, January 24th. Jefferies Financial Group downgraded Mondelez International from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. Mizuho increased their price objective on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. Finally, Royal Bank of Canada cut their target price on Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $69.74.

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.