Mondelez International, Inc. (NASDAQ:MDLZ) Stock Position Decreased by Mill Capital Management LLC

Mill Capital Management LLC cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,907 shares of the company’s stock after selling 1,750 shares during the quarter. Mill Capital Management LLC’s holdings in Mondelez International were worth $3,638,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Truvestments Capital LLC bought a new stake in shares of Mondelez International during the 3rd quarter worth $25,000. Marshall Investment Management LLC bought a new stake in shares of Mondelez International during the 4th quarter worth $26,000. Hager Investment Management Services LLC bought a new stake in shares of Mondelez International during the 4th quarter worth $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Mondelez International during the 4th quarter worth $31,000. Finally, McClarren Financial Advisors Inc. acquired a new stake in shares of Mondelez International in the fourth quarter worth $32,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Price Performance

NASDAQ MDLZ opened at $64.51 on Monday. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The stock’s 50-day moving average is $61.35 and its two-hundred day moving average is $65.06. 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 has a market cap of $83.45 billion, a P/E ratio of 18.86, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share 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 earnings per share for the current fiscal year.

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 paid 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 2.91%. Mondelez International’s payout ratio is presently 54.97%.

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Mizuho raised their target price on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. Stifel Nicolaus decreased their target price on Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Argus cut Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Jefferies Financial Group cut Mondelez International from a “buy” rating to a “hold” rating and decreased their target price for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. Finally, DZ Bank cut Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 target price for the company. in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and a consensus target price of $69.74.

About Mondelez International

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.