Tucker Asset Management LLC Sells 607 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Tucker Asset Management LLC trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 19.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,590 shares of the company’s stock after selling 607 shares during the quarter. Tucker Asset Management LLC’s holdings in Mondelez International were worth $155,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Truvestments Capital LLC acquired a new position in shares of Mondelez International during the third quarter valued at $25,000. Marshall Investment Management LLC acquired a new stake in shares of Mondelez International during the fourth quarter worth $26,000. Hager Investment Management Services LLC bought a new stake in Mondelez International in the fourth quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC bought a new position in Mondelez International during the fourth quarter worth about $31,000. Finally, Sierra Ocean LLC acquired a new position in shares of Mondelez International during the 4th quarter worth about $32,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MDLZ. Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and decreased their price objective for the company from $75.00 to $62.00 in a report on Tuesday, January 21st. Citigroup reduced their target price on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Royal Bank of Canada dropped their price objective on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Dbs Bank downgraded Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. Finally, Morgan Stanley began coverage on shares of Mondelez International in a research report on Monday, March 24th. They issued an “overweight” rating and a $69.00 price objective on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and an average target price of $69.50.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $67.72 on Friday. 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 capitalization of $87.60 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The stock’s 50-day simple moving average is $62.25 and its 200 day simple moving average is $64.88.

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

Mondelez International announced that its Board of Directors has approved a stock buyback plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to repurchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors 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. Shareholders of record on Monday, March 31st will be issued a $0.47 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a yield of 2.78%. Mondelez International’s payout ratio is currently 54.97%.

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.