Flputnam Investment Management Co. Sells 14,159 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Flputnam Investment Management Co. lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 9.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 136,434 shares of the company’s stock after selling 14,159 shares during the quarter. Flputnam Investment Management Co.’s holdings in Mondelez International were worth $8,149,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Truvestments Capital LLC bought a new stake in Mondelez International in the third quarter valued at about $25,000. Marshall Investment Management LLC acquired a new stake in Mondelez International during the fourth quarter valued at approximately $26,000. Prospera Private Wealth LLC bought a new stake in shares of Mondelez International in the 3rd quarter valued at approximately $27,000. Hager Investment Management Services LLC acquired a new position in shares of Mondelez International in the 4th quarter worth approximately $27,000. Finally, McClarren Financial Advisors Inc. bought a new position in shares of Mondelez International during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analysts Set New Price Targets

MDLZ has been the subject of several recent analyst reports. Mizuho increased their price objective on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, February 14th. Stifel Nicolaus dropped their target price on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Wednesday, January 22nd. Piper Sandler lowered shares of Mondelez International from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $70.00 to $63.00 in a report on Friday, January 31st. Finally, Dbs Bank downgraded Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $69.74.

Mondelez International Stock Up 0.4 %

Shares of NASDAQ MDLZ opened at $64.25 on Friday. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The firm’s 50-day moving average is $59.41 and its 200-day moving average is $65.71. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. 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 announced its quarterly earnings data 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 net margin of 12.68% and a return on equity of 16.75%. Equities analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors 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 dividend on an annualized basis and a yield of 2.93%. Mondelez International’s dividend payout ratio is presently 54.97%.

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

About Mondelez International

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.