Nemes Rush Group LLC Reduces Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Nemes Rush Group LLC cut its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 42.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 912 shares of the company’s stock after selling 668 shares during the quarter. Nemes Rush Group LLC’s holdings in Mondelez International were worth $54,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MDLZ. StoneX Group Inc. lifted its holdings in Mondelez International by 39.4% during the fourth quarter. StoneX Group Inc. now owns 40,063 shares of the company’s stock valued at $2,410,000 after purchasing an additional 11,326 shares during the last quarter. Tradewinds LLC. purchased a new stake in shares of Mondelez International during the 4th quarter valued at approximately $258,000. Franklin Resources Inc. boosted its holdings in Mondelez International by 13.5% in the 4th quarter. Franklin Resources Inc. now owns 8,806,832 shares of the company’s stock worth $526,032,000 after buying an additional 1,049,498 shares during the period. Rodgers Brothers Inc. grew its stake in Mondelez International by 3.6% in the 4th quarter. Rodgers Brothers Inc. now owns 20,510 shares of the company’s stock valued at $1,225,000 after buying an additional 715 shares in the last quarter. Finally, Summit Financial LLC lifted its position in shares of Mondelez International by 12.6% during the fourth quarter. Summit Financial LLC now owns 22,792 shares of the company’s stock worth $1,372,000 after acquiring an additional 2,556 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MDLZ. Barclays reduced their price target on Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Argus cut Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. DZ Bank lowered shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective for the company. in a research report on Friday, February 7th. Stifel Nicolaus decreased their target price on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Finally, Royal Bank of Canada cut their price target on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and a consensus price target of $70.20.

Mondelez International Trading Down 2.2 %

Shares of MDLZ opened at $66.13 on Thursday. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The firm has a market cap of $85.54 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 4.34 and a beta of 0.50. The firm has a 50 day moving average price of $62.85 and a 200-day moving average price of $64.66. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly 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 return on equity of 16.75% and a net margin of 12.68%. As a group, equities research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors 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 2.84%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio is presently 54.97%.

Mondelez International announced that its Board of Directors has authorized a stock buyback plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 10.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

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.