Flputnam Investment Management Co. Reduces Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Flputnam Investment Management Co. reduced its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 9.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 have also made changes to their positions in MDLZ. Hazlett Burt & Watson Inc. raised its position in Mondelez International by 16.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock valued at $78,000 after buying an additional 150 shares during the period. Canopy Partners LLC grew its stake in Mondelez International by 1.2% during the 3rd quarter. Canopy Partners LLC now owns 13,335 shares of the company’s stock valued at $982,000 after acquiring an additional 161 shares in the last quarter. Hardy Reed LLC increased its holdings in shares of Mondelez International by 1.4% in the 3rd quarter. Hardy Reed LLC now owns 11,511 shares of the company’s stock valued at $848,000 after purchasing an additional 161 shares during the period. Interchange Capital Partners LLC increased its holdings in shares of Mondelez International by 4.9% in the 3rd quarter. Interchange Capital Partners LLC now owns 3,490 shares of the company’s stock valued at $257,000 after purchasing an additional 163 shares during the period. Finally, Avidian Wealth Enterprises LLC lifted its position in shares of Mondelez International by 2.2% in the third quarter. Avidian Wealth Enterprises LLC now owns 7,641 shares of the company’s stock worth $563,000 after purchasing an additional 163 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Trading Up 0.4 %

Shares of NASDAQ:MDLZ opened at $64.25 on Friday. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. 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 company has a market cap of $83.11 billion, a P/E ratio of 18.79, a P/E/G ratio of 4.34 and a beta of 0.54. The stock’s 50-day moving average is $59.41 and its 200-day moving average is $65.71.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results 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 return on equity of 16.75% and a net margin of 12.68%. Equities research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International declared that its Board of Directors has approved a share buyback plan on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 10.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

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 issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MDLZ. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Wednesday, January 22nd. Barclays dropped their price target on shares of 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 objective on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Dbs Bank lowered Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. Finally, DZ Bank lowered Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target for the company. in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.74.

Mondelez International Profile

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.