Coho Partners Ltd. Reduces Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Coho Partners Ltd. cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 15.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,184,920 shares of the company’s stock after selling 222,488 shares during the quarter. Mondelez International makes up approximately 3.3% of Coho Partners Ltd.’s investment portfolio, making the stock its 14th largest position. Coho Partners Ltd. owned approximately 0.09% of Mondelez International worth $70,775,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Truvestments Capital LLC acquired a new position in Mondelez International in the third quarter valued at approximately $25,000. Prospera Private Wealth LLC acquired a new position in Mondelez International in the third quarter valued at approximately $27,000. Hager Investment Management Services LLC acquired a new position in Mondelez International in the fourth quarter valued at approximately $27,000. Richardson Financial Services Inc. raised its stake in shares of Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after buying an additional 200 shares during the period. Finally, McClarren Financial Advisors Inc. acquired a new position in shares of Mondelez International during the 4th quarter worth approximately $32,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on MDLZ shares. The Goldman Sachs Group reduced their target price on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Wells Fargo & Company reduced their target price on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Jefferies Financial Group downgraded Mondelez International from a “buy” rating to a “hold” rating and reduced their target price for the stock from $75.00 to $62.00 in a research note on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft reduced their target price on Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research note on Wednesday, January 22nd. Finally, Dbs Bank downgraded Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $69.72.

Mondelez International Stock Up 0.9 %

Shares of NASDAQ:MDLZ opened at $61.16 on Friday. The stock has a market cap of $81.78 billion, a P/E ratio of 17.88, a PEG ratio of 4.04 and a beta of 0.54. The company has a quick ratio of 0.42, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The business has a fifty day moving average of $59.06 and a two-hundred day moving average of $66.22.

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 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%. On average, research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

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

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is 54.97%.

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.