Schechter Investment Advisors LLC Has $396,000 Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Schechter Investment Advisors LLC lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 24.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,634 shares of the company’s stock after selling 2,202 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Mondelez International were worth $396,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Truvestments Capital LLC bought a new stake in Mondelez International during the 3rd quarter worth approximately $25,000. Marshall Investment Management LLC bought a new position in shares of Mondelez International during the fourth quarter valued at $26,000. Prospera Private Wealth LLC acquired a new position in shares of Mondelez International during the third quarter worth $27,000. Hager Investment Management Services LLC bought a new stake in shares of Mondelez International in the fourth quarter worth $27,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in Mondelez International in the fourth quarter valued at $31,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $66.30 on Thursday. The company has a market cap of $85.76 billion, a P/E ratio of 19.39, a PEG ratio of 4.34 and a beta of 0.50. The company has a fifty day simple moving average of $59.77 and a 200 day simple moving average of $65.61. 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, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06.

Mondelez International (NASDAQ:MDLZ) last issued 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 net margin of 12.68% and a return on equity of 16.75%. Sell-side analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

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

Mondelez International Announces Dividend

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 $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 dividend yield of 2.84%. Mondelez International’s dividend payout ratio is presently 54.97%.

Wall Street Analyst Weigh In

MDLZ has been the topic of several recent research reports. Stifel Nicolaus cut their target price on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft cut their price objective 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. Jefferies Financial Group downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and decreased their target price for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. Wells Fargo & Company dropped their price target on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Finally, Argus cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and an average price target 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.