Fort Washington Investment Advisors Inc. OH Sells 875 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Fort Washington Investment Advisors Inc. OH trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,961 shares of the company’s stock after selling 875 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Mondelez International were worth $1,670,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Thrivent Financial for Lutherans raised its holdings in Mondelez International by 91.3% during the second quarter. Thrivent Financial for Lutherans now owns 174,467 shares of the company’s stock worth $11,416,000 after acquiring an additional 83,280 shares in the last quarter. AXA S.A. raised its holdings in Mondelez International by 0.8% during the second quarter. AXA S.A. now owns 554,091 shares of the company’s stock worth $36,260,000 after acquiring an additional 4,453 shares in the last quarter. AQR Capital Management LLC raised its holdings in Mondelez International by 52.4% during the second quarter. AQR Capital Management LLC now owns 1,644,768 shares of the company’s stock worth $107,634,000 after acquiring an additional 565,416 shares in the last quarter. Employees Retirement System of Texas raised its holdings in Mondelez International by 17.9% during the second quarter. Employees Retirement System of Texas now owns 1,018,700 shares of the company’s stock worth $66,664,000 after acquiring an additional 154,700 shares in the last quarter. Finally, Deprince Race & Zollo Inc. bought a new stake in Mondelez International during the second quarter worth about $28,910,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Trading Up 1.2 %

Shares of MDLZ stock opened at $56.96 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 stock has a market cap of $76.17 billion, a P/E ratio of 20.20, a price-to-earnings-growth ratio of 3.12 and a beta of 0.54. The stock has a 50 day simple moving average of $61.05 and a 200 day simple moving average of $67.06. Mondelez International, Inc. has a 1 year low of $55.97 and a 1 year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.14. The business had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.82 earnings per share. On average, research analysts predict that Mondelez International, Inc. will post 3.46 earnings per share for the current fiscal year.

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

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is currently 66.67%.

Analysts Set New Price Targets

Several research firms recently issued reports on MDLZ. Citigroup dropped their target price on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft lowered their price target on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Wednesday. Redburn Atlantic began coverage on Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target on the stock. Stifel Nicolaus boosted their price target on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Piper Sandler lowered their price target on Mondelez International from $84.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.81.

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.