Franklin Street Advisors Inc. NC Sells 2,196 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Franklin Street Advisors Inc. NC decreased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 18.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 9,943 shares of the company’s stock after selling 2,196 shares during the period. Franklin Street Advisors Inc. NC’s holdings in Mondelez International were worth $594,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Axiom Advisory LLC grew its position in Mondelez International by 1.6% in the 3rd quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock valued at $643,000 after acquiring an additional 143 shares during the last quarter. Hazlett Burt & Watson Inc. grew its holdings in shares of Mondelez International by 16.5% in the third quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock worth $78,000 after purchasing an additional 150 shares during the last quarter. Carnegie Investment Counsel increased its stake in Mondelez International by 1.4% in the 3rd quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock worth $811,000 after buying an additional 151 shares during the period. SeaCrest Wealth Management LLC lifted its holdings in Mondelez International by 1.3% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 12,130 shares of the company’s stock valued at $894,000 after buying an additional 156 shares in the last quarter. Finally, Quent Capital LLC boosted its position in Mondelez International by 5.5% in the 3rd quarter. Quent Capital LLC now owns 3,047 shares of the company’s stock valued at $225,000 after buying an additional 160 shares during the period. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of research reports. Bank of America boosted their price target on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Stifel Nicolaus raised their price objective on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Redburn Atlantic started coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target for the company. Evercore ISI raised their target price on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $61.00 target price (down from $74.00) on shares of Mondelez International in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and an average target price of $77.64.

Mondelez International Trading Down 2.5 %

NASDAQ MDLZ traded down $1.48 on Friday, reaching $56.81. The stock had a trading volume of 3,669,053 shares, compared to its average volume of 7,570,306. The stock has a fifty day moving average price of $62.83 and a two-hundred day moving average price of $67.65. Mondelez International, Inc. has a 12-month low of $56.78 and a 12-month high of $77.20. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $75.97 billion, a price-to-earnings ratio of 20.15, a P/E/G ratio of 2.80 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The company had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. During the same period in the prior year, the business earned $0.82 EPS. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, sell-side analysts forecast that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.47 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.31%. Mondelez International’s payout ratio is 66.67%.

Mondelez International declared that its Board of Directors has approved a share repurchase program on Wednesday, December 11th that permits the company to buyback $9.00 billion in shares. This buyback authorization permits the company to buy up to 10.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management 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.