West Michigan Advisors LLC Sells 273 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

West Michigan Advisors LLC decreased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,702 shares of the company’s stock after selling 273 shares during the quarter. West Michigan Advisors LLC’s holdings in Mondelez International were worth $403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of MDLZ. Truvestments Capital LLC bought a new stake in Mondelez International during the 3rd quarter valued at $25,000. Marshall Investment Management LLC bought a new stake in Mondelez International during the 4th quarter valued at $26,000. Prospera Private Wealth LLC bought a new stake in Mondelez International during the 3rd quarter valued at $27,000. Hager Investment Management Services LLC bought a new stake in Mondelez International during the 4th quarter valued at $27,000. Finally, McClarren Financial Advisors Inc. bought a new stake in Mondelez International during the 4th quarter valued at $32,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of MDLZ opened at $64.25 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. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The company has a 50-day simple moving average of $59.41 and a two-hundred day simple moving average of $65.74. The firm has a market capitalization of $83.11 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 4.34 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 EPS 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%. On average, analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

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

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be issued a $0.47 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 2.93%. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Wells Fargo & Company reduced their price target on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Dbs Bank lowered shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. Barclays reduced their price target on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Royal Bank of Canada reduced their price target on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. Finally, The Goldman Sachs Group reduced their price target 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.74.

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.