Financial Counselors Inc. Sells 3,730 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Financial Counselors Inc. decreased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 10.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,171 shares of the company’s stock after selling 3,730 shares during the period. Financial Counselors Inc.’s holdings in Mondelez International were worth $1,981,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of MDLZ. United Bank grew its stake in Mondelez International by 12.7% in the 3rd quarter. United Bank now owns 22,649 shares of the company’s stock valued at $1,669,000 after purchasing an additional 2,549 shares during the period. Larson Financial Group LLC boosted its holdings in shares of Mondelez International by 82.7% in the 3rd quarter. Larson Financial Group LLC now owns 2,811 shares of the company’s stock worth $207,000 after buying an additional 1,272 shares during the last quarter. Truvestments Capital LLC bought a new position in Mondelez International during the third quarter valued at about $25,000. Cadence Bank increased its holdings in Mondelez International by 4.1% during the third quarter. Cadence Bank now owns 11,799 shares of the company’s stock worth $869,000 after buying an additional 461 shares during the last quarter. Finally, Townsquare Capital LLC raised its position in Mondelez International by 213.9% in the third quarter. Townsquare Capital LLC now owns 92,279 shares of the company’s stock worth $6,798,000 after acquiring an additional 62,877 shares during the period. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $67.50 on Friday. The stock has a market cap of $87.31 billion, a P/E ratio of 19.74, a PEG ratio of 4.34 and a beta of 0.50. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The business’s 50-day moving average price is $62.06 and its two-hundred day moving average price is $64.94. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (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%. As a group, equities analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International announced that its Board of Directors has initiated a stock buyback program on Wednesday, December 11th that permits the company to buyback $9.00 billion in shares. This buyback authorization permits the company to reacquire up to 10.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be given a $0.47 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 2.79%. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of a number of research reports. The Goldman Sachs Group reduced their target price on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Barclays reduced their price objective on Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft decreased their target price on Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research report on Wednesday, January 22nd. UBS Group dropped their price target on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, Dbs Bank lowered Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $69.50.

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.