Dana Investment Advisors Inc. Lowers Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Dana Investment Advisors Inc. reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 118,851 shares of the company’s stock after selling 7,087 shares during the period. Dana Investment Advisors Inc.’s holdings in Mondelez International were worth $7,099,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of MDLZ. Catalyst Capital Advisors LLC lifted its holdings in shares of Mondelez International by 174.0% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 3,568 shares of the company’s stock worth $263,000 after acquiring an additional 2,266 shares during the last quarter. Avidian Wealth Enterprises LLC increased its holdings in Mondelez International by 2.2% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 7,641 shares of the company’s stock valued at $563,000 after purchasing an additional 163 shares during the last quarter. Leslie Global Wealth LLC purchased a new stake in Mondelez International in the third quarter valued at approximately $254,000. Radnor Capital Management LLC purchased a new position in shares of Mondelez International during the third quarter worth $1,186,000. Finally, Benchmark Financial Wealth Advisors LLC acquired a new stake in shares of Mondelez International in the third quarter valued at $231,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Ratings Changes

MDLZ has been the topic of several research reports. Barclays decreased their target price on Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. The Goldman Sachs Group reduced their price target on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Mizuho lifted their price objective on shares of Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, February 14th. Argus cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Finally, DZ Bank lowered Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective on the stock. in a research report on Friday, February 7th. One 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 an average rating of “Moderate Buy” and a consensus target price of $69.74.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $66.30 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The firm has a market capitalization of $85.76 billion, a P/E ratio of 19.39, a P/E/G ratio of 4.34 and a beta of 0.50. The company’s fifty day moving average price is $59.77 and its 200 day moving average price is $65.61.

Mondelez International (NASDAQ:MDLZ) last posted its 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%. As a group, sell-side analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The company 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 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is 54.97%.

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