Beese Fulmer Investment Management Inc. Sells 1,364 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Beese Fulmer Investment Management Inc. lessened its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 21,485 shares of the company’s stock after selling 1,364 shares during the quarter. Beese Fulmer Investment Management Inc.’s holdings in Mondelez International were worth $1,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in MDLZ. State Street Corp boosted its holdings in Mondelez International by 3.2% in the 3rd quarter. State Street Corp now owns 60,151,987 shares of the company’s stock worth $4,459,239,000 after buying an additional 1,851,247 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Mondelez International by 1.2% in the third quarter. Geode Capital Management LLC now owns 28,204,955 shares of the company’s stock worth $2,069,906,000 after acquiring an additional 341,203 shares during the period. FMR LLC grew its position in shares of Mondelez International by 14.2% in the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock valued at $1,344,894,000 after purchasing an additional 2,268,639 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Mondelez International by 2.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 17,215,182 shares of the company’s stock valued at $1,268,242,000 after purchasing an additional 489,068 shares during the period. Finally, Mizuho Securities USA LLC grew its holdings in Mondelez International by 12,057.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock valued at $926,327,000 after buying an additional 12,470,573 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

MDLZ stock opened at $57.83 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The firm’s 50-day moving average price is $59.61 and its two-hundred day moving average price is $66.47. The stock has a market capitalization of $77.33 billion, a price-to-earnings ratio of 20.51, a PEG ratio of 3.12 and a beta of 0.54. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. As a group, equities analysts predict that Mondelez International, Inc. will post 3.44 earnings per share for the current year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 3.25%. Mondelez International’s payout ratio is 66.67%.

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on MDLZ. UBS Group cut 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. Wells Fargo & Company decreased their price target on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a report on Wednesday. Barclays dropped their price objective on Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday. Jefferies Financial Group downgraded Mondelez International from a “buy” rating to a “hold” rating and dropped their price target for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. Finally, 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 target price for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $69.72.

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.