Heritage Wealth Management Inc. Sells 200 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Heritage Wealth Management Inc. lowered its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,759 shares of the company’s stock after selling 200 shares during the period. Heritage Wealth Management Inc.’s holdings in Mondelez International were worth $1,180,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of MDLZ. Mizuho Securities USA LLC raised its holdings in shares of Mondelez International by 12,057.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock valued at $926,327,000 after acquiring an additional 12,470,573 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Mondelez International by 2,560.0% in the 4th quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company’s stock valued at $203,749,000 after acquiring an additional 3,282,937 shares in the last quarter. Ilex Capital Partners UK LLP purchased a new stake in shares of Mondelez International in the 3rd quarter valued at about $219,045,000. FMR LLC raised its holdings in shares of Mondelez International by 14.2% in the 3rd quarter. FMR LLC now owns 18,255,657 shares of the company’s stock valued at $1,344,894,000 after acquiring an additional 2,268,639 shares in the last quarter. Finally, Holocene Advisors LP purchased a new stake in shares of Mondelez International in the 3rd quarter valued at about $159,823,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on MDLZ shares. Stifel Nicolaus lowered their price target on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Argus cut Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Jefferies Financial Group cut Mondelez International from a “buy” rating to a “hold” rating and decreased their price objective for the company from $75.00 to $62.00 in a report on Tuesday, January 21st. UBS Group decreased their price objective on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, The Goldman Sachs Group decreased their price objective on Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, Mondelez International has an average rating of “Moderate Buy” and an average target price of $69.74.

Mondelez International Price Performance

Shares of Mondelez International stock opened at $64.25 on Friday. The stock has a market capitalization of $83.11 billion, a P/E ratio of 18.79, a price-to-earnings-growth ratio of 4.34 and a beta of 0.54. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The business’s 50 day simple moving average is $59.41 and its two-hundred day simple moving average is $65.71. 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 (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.93%. Mondelez International’s dividend payout ratio is currently 54.97%.

Mondelez International announced that its Board of Directors has authorized a share buyback program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 10.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Mondelez International Company 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.