Anchor Capital Advisors LLC Sells 2,311 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Anchor Capital Advisors LLC reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 185,076 shares of the company’s stock after selling 2,311 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Mondelez International were worth $11,055,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MDLZ. Truvestments Capital LLC bought a new position in shares of Mondelez International in the 3rd quarter worth about $25,000. Marshall Investment Management LLC bought a new stake in shares of Mondelez International during the 4th quarter valued at about $26,000. Prospera Private Wealth LLC acquired a new stake in Mondelez International during the third quarter worth approximately $27,000. Hager Investment Management Services LLC bought a new stake in Mondelez International in the fourth quarter worth approximately $27,000. Finally, McClarren Financial Advisors Inc. acquired a new position in Mondelez International in the fourth quarter valued at approximately $32,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Price Performance

MDLZ opened at $63.98 on Friday. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The company has a market capitalization of $82.76 billion, a price-to-earnings ratio of 18.71, a P/E/G ratio of 4.34 and a beta of 0.54. The firm’s fifty day moving average price is $59.31 and its two-hundred day moving average price is $65.78.

Mondelez International (NASDAQ:MDLZ) last released 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 return on equity of 16.75% and a net margin of 12.68%. As a group, analysts anticipate 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 approved a share buyback program on Wednesday, December 11th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 10.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio is presently 54.97%.

Analyst Ratings Changes

Several brokerages have recently commented on MDLZ. Royal Bank of Canada reduced their price objective on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and reduced their price target for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. 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 report on Wednesday, January 22nd. Wells Fargo & Company cut their price objective on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Finally, Mizuho boosted their target price on Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and a consensus price target 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.