Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Highland Capital Management LLC

Highland Capital Management LLC lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.3% in the 4th quarter, Holdings Channel reports. The firm owned 111,919 shares of the company’s stock after selling 3,801 shares during the period. Highland Capital Management LLC’s holdings in Mondelez International were worth $8,106,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of MDLZ. Columbia Trust Co 01012016 raised its holdings in Mondelez International by 19.9% in the 4th quarter. Columbia Trust Co 01012016 now owns 9,192 shares of the company’s stock valued at $666,000 after acquiring an additional 1,524 shares during the last quarter. Canvas Wealth Advisors LLC acquired a new stake in Mondelez International in the 4th quarter valued at about $221,000. PFG Investments LLC raised its holdings in Mondelez International by 27.1% in the 4th quarter. PFG Investments LLC now owns 6,470 shares of the company’s stock valued at $469,000 after acquiring an additional 1,378 shares during the last quarter. Heartwood Wealth Advisors LLC acquired a new stake in Mondelez International in the 4th quarter valued at about $201,000. Finally, Johnson & White Wealth Management LLC raised its holdings in Mondelez International by 3.2% in the 4th quarter. Johnson & White Wealth Management LLC now owns 4,520 shares of the company’s stock valued at $327,000 after acquiring an additional 141 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of a number of recent research reports. Barclays increased their price objective on shares of Mondelez International from $79.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, January 16th. Stifel Nicolaus increased their price target on shares of Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Citigroup started coverage on shares of Mondelez International in a research note on Thursday, February 1st. They issued a “buy” rating and a $87.00 price target for the company. Finally, StockNews.com cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $81.37.

Mondelez International Price Performance

Mondelez International stock opened at $70.10 on Thursday. The firm has a market cap of $95.40 billion, a PE ratio of 19.31, a price-to-earnings-growth ratio of 2.38 and a beta of 0.57. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $78.59. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 0.60. The company’s 50 day moving average is $73.03 and its two-hundred day moving average is $70.80.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, January 30th. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The company had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.31 billion. Mondelez International had a net margin of 13.77% and a return on equity of 15.91%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.73 EPS. On average, research analysts expect that Mondelez International, Inc. will post 3.52 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th will be issued a dividend of $0.425 per share. The ex-dividend date is Wednesday, March 27th. This represents a $1.70 dividend on an annualized basis and a yield of 2.43%. Mondelez International’s dividend payout ratio (DPR) is presently 46.83%.

Mondelez International 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.