First City Capital Management Inc. Sells 195 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

First City Capital Management Inc. lessened its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,721 shares of the company’s stock after selling 195 shares during the period. First City Capital Management Inc.’s holdings in Mondelez International were worth $939,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Simon Quick Advisors LLC lifted its stake in shares of Mondelez International by 36.8% in the 2nd quarter. Simon Quick Advisors LLC now owns 6,465 shares of the company’s stock valued at $423,000 after purchasing an additional 1,740 shares during the period. Foundations Investment Advisors LLC lifted its position in Mondelez International by 13.4% during the 2nd quarter. Foundations Investment Advisors LLC now owns 3,565 shares of the company’s stock valued at $233,000 after acquiring an additional 421 shares during the period. Stablepoint Partners LLC boosted its stake in Mondelez International by 7.8% during the second quarter. Stablepoint Partners LLC now owns 38,725 shares of the company’s stock worth $2,598,000 after acquiring an additional 2,816 shares in the last quarter. FineMark National Bank & Trust increased its stake in shares of Mondelez International by 28.4% during the second quarter. FineMark National Bank & Trust now owns 50,661 shares of the company’s stock valued at $3,315,000 after purchasing an additional 11,202 shares in the last quarter. Finally, TD Asset Management Inc boosted its position in shares of Mondelez International by 2.5% in the 2nd quarter. TD Asset Management Inc now owns 1,051,238 shares of the company’s stock worth $68,793,000 after purchasing an additional 25,478 shares in the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Trading Up 0.8 %

MDLZ traded up $0.48 on Friday, reaching $59.98. 2,983,846 shares of the company traded hands, compared to its average volume of 4,512,434. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The company has a market cap of $80.20 billion, a P/E ratio of 21.27, a price-to-earnings-growth ratio of 2.80 and a beta of 0.53. The firm has a fifty day simple moving average of $63.90 and a two-hundred day simple moving average of $67.91. Mondelez International, Inc. has a one year low of $58.90 and a one year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.11 billion. During the same quarter in the prior year, the firm earned $0.82 earnings per share. Mondelez International’s revenue was up 1.9% compared to the same quarter last year. As a group, equities research analysts expect that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be issued a $0.47 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.13%. Mondelez International’s dividend payout ratio is currently 66.67%.

Mondelez International declared that its Board of Directors has approved a share repurchase program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to reacquire up to 10.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Bank of America lifted their price objective on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Citigroup dropped their price target on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Redburn Atlantic initiated coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price for the company. Deutsche Bank Aktiengesellschaft cut Mondelez International from a “buy” rating to a “hold” rating and lowered their price objective for the company from $78.00 to $67.00 in a research report on Thursday, December 12th. Finally, Evercore ISI upped their price target on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $79.07.

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.