Biltmore Family Office LLC Trims Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Biltmore Family Office LLC lowered its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 13.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,472 shares of the company’s stock after selling 525 shares during the period. Biltmore Family Office LLC’s holdings in Mondelez International were worth $209,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in MDLZ. Marshall Investment Management LLC purchased a new stake in Mondelez International in the fourth quarter worth $26,000. Hager Investment Management Services LLC purchased a new stake in shares of Mondelez International in the 4th quarter worth about $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Mondelez International during the 4th quarter valued at about $31,000. Sierra Ocean LLC purchased a new position in shares of Mondelez International during the fourth quarter valued at about $32,000. Finally, McClarren Financial Advisors Inc. bought a new position in Mondelez International in the fourth quarter worth about $32,000. 78.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Morgan Stanley started coverage on Mondelez International in a report on Monday, March 24th. They issued an “overweight” rating and a $69.00 price objective for the company. Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and cut their price objective for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. Barclays dropped their price target on Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft reduced their price objective on Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research report on Wednesday, January 22nd. Finally, Mizuho increased their target price on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $70.20.

Mondelez International Stock Down 2.2 %

NASDAQ MDLZ opened at $66.13 on Thursday. The company has a market cap of $85.54 billion, a P/E ratio of 19.34, a P/E/G ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The business has a fifty 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 announced 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 net margin of 12.68% and a return on equity of 16.75%. Research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio is presently 54.97%.

Mondelez International declared that its Board of Directors has approved a share repurchase plan on Wednesday, December 11th that permits the company to buyback $9.00 billion in shares. This buyback authorization permits the company to repurchase up to 10.7% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is 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.