Charter Research & Investment Group Inc. Trims Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Charter Research & Investment Group Inc. reduced its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,209 shares of the company’s stock after selling 285 shares during the quarter. Mondelez International accounts for about 2.9% of Charter Research & Investment Group Inc.’s investment portfolio, making the stock its 9th largest holding. Charter Research & Investment Group Inc.’s holdings in Mondelez International were worth $3,775,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Schroder Investment Management Group raised its holdings in shares of Mondelez International by 3.5% during the fourth quarter. Schroder Investment Management Group now owns 501,794 shares of the company’s stock worth $29,651,000 after acquiring an additional 16,830 shares during the period. Allianz SE acquired a new position in shares of Mondelez International during the fourth quarter worth about $6,889,000. Transamerica Financial Advisors Inc. raised its position in Mondelez International by 28.8% in the 4th quarter. Transamerica Financial Advisors Inc. now owns 18,092 shares of the company’s stock valued at $1,081,000 after buying an additional 4,043 shares during the last quarter. Allstate Corp bought a new stake in Mondelez International in the 4th quarter valued at approximately $2,379,000. Finally, DnB Asset Management AS grew its stake in shares of Mondelez International by 8.4% during the 4th quarter. DnB Asset Management AS now owns 298,679 shares of the company’s stock worth $17,840,000 after acquiring an additional 23,040 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Up 0.3 %

NASDAQ MDLZ opened at $67.72 on Friday. 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 stock has a market capitalization of $87.60 billion, a PE ratio of 19.80, a PEG ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The business has a fifty day moving average price of $62.25 and a two-hundred day moving average price of $64.81.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share 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 expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International announced that its board has approved a share buyback plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Mondelez International Dividend Announcement

The business 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 dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.78%. The ex-dividend date is Monday, March 31st. Mondelez International’s payout ratio is presently 54.97%.

Wall Street Analyst Weigh In

Several research analysts recently commented on MDLZ shares. Citigroup reduced their target price on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Stifel Nicolaus dropped their price target on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. UBS Group decreased their price objective on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Wednesday, January 22nd. Finally, The Goldman Sachs Group lowered their price target on Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and an average price target of $69.50.

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.