Fort Washington Investment Advisors Inc. OH Sells 875 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Fort Washington Investment Advisors Inc. OH cut its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.0% in the 4th quarter, Holdings Channel reports. The firm owned 27,961 shares of the company’s stock after selling 875 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Mondelez International were worth $1,670,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MDLZ. Mizuho Securities USA LLC lifted its stake in Mondelez International by 12,057.4% during the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock worth $926,327,000 after purchasing an additional 12,470,573 shares during the last quarter. Ilex Capital Partners UK LLP bought a new position in shares of Mondelez International in the 3rd quarter valued at $219,045,000. FMR LLC lifted its stake 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 during the last quarter. Holocene Advisors LP bought a new position in shares of Mondelez International in the 3rd quarter valued at $159,823,000. Finally, National Bank of Canada FI lifted its stake in shares of Mondelez International by 173.7% in the 3rd quarter. National Bank of Canada FI now owns 3,049,440 shares of the company’s stock valued at $224,652,000 after acquiring an additional 1,935,356 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $56.96 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The business has a 50-day moving average price of $61.05 and a two-hundred day moving average price of $67.06. The company has a market cap of $76.17 billion, a P/E ratio of 20.20, a PEG ratio of 3.12 and a beta of 0.54. Mondelez International, Inc. has a 1-year low of $55.97 and a 1-year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.85 by $0.14. The company had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the business posted $0.82 EPS. As a group, analysts anticipate that Mondelez International, Inc. will post 3.46 EPS for the current year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a $0.47 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.30%. Mondelez International’s dividend payout ratio is presently 66.67%.

Mondelez International announced that its Board of Directors has approved a stock buyback plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to repurchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of research analysts have recently commented on MDLZ shares. UBS Group dropped their price target on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Bank of America increased their price target on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Stifel Nicolaus increased their price objective on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a report on Friday, October 25th. Redburn Atlantic assumed coverage on Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective for the company. Finally, The Goldman Sachs Group decreased their price objective on Mondelez International from $79.00 to $68.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $73.81.

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.