Bahl & Gaynor Inc. Has $361.84 Million Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Bahl & Gaynor Inc. trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,057,873 shares of the company’s stock after selling 169,632 shares during the quarter. Mondelez International comprises 1.9% of Bahl & Gaynor Inc.’s portfolio, making the stock its 13th biggest holding. Bahl & Gaynor Inc. owned about 0.45% of Mondelez International worth $361,837,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Truvestments Capital LLC bought a new position in Mondelez International in the 3rd quarter valued at $25,000. Marshall Investment Management LLC acquired a new position in shares of Mondelez International during the fourth quarter valued at $26,000. Prospera Private Wealth LLC bought a new position in Mondelez International in the third quarter valued at about $27,000. Hager Investment Management Services LLC acquired a new stake in Mondelez International in the fourth quarter worth about $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Mondelez International during the 4th quarter worth about $31,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Price Performance

MDLZ stock opened at $65.78 on Tuesday. The stock has a 50-day moving average price of $59.54 and a two-hundred day moving average price of $65.64. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The stock has a market cap of $85.09 billion, a PE ratio of 19.23, a price-to-earnings-growth ratio of 4.34 and a beta of 0.54. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58.

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

Mondelez International declared that its board has authorized a share repurchase plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to reacquire up to 10.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio is presently 54.97%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on MDLZ shares. Stifel Nicolaus reduced their target price 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. UBS Group reduced their price objective on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft cut their price target on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Wednesday, January 22nd. Citigroup decreased their price objective on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Finally, Mizuho increased their target price on Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, February 14th. One equities research 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $69.74.

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.