Hendley & Co. Inc. Has $2.53 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Hendley & Co. Inc. decreased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 42,370 shares of the company’s stock after selling 660 shares during the quarter. Hendley & Co. Inc.’s holdings in Mondelez International were worth $2,531,000 as of its most recent filing with the SEC.

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

Mondelez International Stock Performance

Shares of NASDAQ MDLZ opened at $65.36 on Tuesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The stock has a 50 day moving average price of $59.05 and a 200 day moving average price of $65.83. The stock has a market capitalization of $84.55 billion, a PE ratio of 19.11, a price-to-earnings-growth ratio of 4.34 and a beta of 0.54. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06.

Mondelez International (NASDAQ:MDLZ) last released 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 net margin of 12.68% and a return on equity of 16.75%. Analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

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

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

Analysts Set New Price Targets

MDLZ has been the subject of several recent research reports. Citigroup dropped their price target on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada decreased their price target on Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. DZ Bank lowered Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective for the company. in a research note on Friday, February 7th. Argus downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday. Finally, 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. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and an average price target of $69.74.

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.