Tucker Asset Management LLC Has $155,000 Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Tucker Asset Management LLC lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 19.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,590 shares of the company’s stock after selling 607 shares during the period. Tucker Asset Management LLC’s holdings in Mondelez International were worth $155,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Truvestments Capital LLC bought a new position in shares of Mondelez International during the 3rd quarter valued at $25,000. Marshall Investment Management LLC acquired a new position in Mondelez International during the fourth quarter worth $26,000. Hager Investment Management Services LLC bought a new position in Mondelez International during the fourth quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Mondelez International in the fourth quarter worth about $31,000. Finally, McClarren Financial Advisors Inc. bought a new stake in shares of Mondelez International during the 4th quarter worth about $32,000. Institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

MDLZ has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price objective on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Mizuho boosted their price objective on shares of Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, February 14th. Jefferies Financial Group lowered shares of Mondelez International from a “buy” rating to a “hold” rating and lowered their target price for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. The Goldman Sachs Group cut their target price on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Finally, DZ Bank downgraded Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target on the stock. in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.50.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $67.72 on Friday. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. 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 stock has a market cap of $87.60 billion, a P/E ratio of 19.80, a PEG ratio of 4.34 and a beta of 0.50. The company’s 50-day simple moving average is $62.25 and its 200 day simple moving average is $64.88.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data 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%. As a group, research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 2.78%. Mondelez International’s dividend payout ratio is presently 54.97%.

Mondelez International declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 11th that permits the company to buyback $9.00 billion in shares. This buyback authorization permits the company to purchase up to 10.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

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.