Folger Nolan Fleming Douglas Capital Management Inc. Has $417,000 Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Folger Nolan Fleming Douglas Capital Management Inc. lessened its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 10.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,980 shares of the company’s stock after selling 846 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Mondelez International were worth $417,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Truvestments Capital LLC bought a new stake in Mondelez International in the 3rd quarter valued at $25,000. Prospera Private Wealth LLC acquired a new position in shares of Mondelez International in the third quarter valued at $27,000. Richardson Financial Services Inc. increased its holdings in shares of Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares during the last quarter. Highline Wealth Partners LLC bought a new position in shares of Mondelez International in the third quarter valued at about $38,000. Finally, Hara Capital LLC acquired a new stake in shares of Mondelez International during the 3rd quarter worth about $45,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MDLZ has been the topic of a number of research reports. UBS Group decreased their price target on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday. Stifel Nicolaus upped their target price on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Evercore ISI lifted their price target on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. The Goldman Sachs Group decreased their price objective on Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Citigroup lowered their price objective on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.93.

Mondelez International Stock Down 0.2 %

NASDAQ MDLZ opened at $57.86 on Friday. The business has a fifty day moving average price of $61.76 and a two-hundred day moving average price of $67.30. The stock has a market capitalization of $77.37 billion, a PE ratio of 20.52, a PEG ratio of 2.99 and a beta of 0.54. Mondelez International, Inc. has a fifty-two week low of $55.97 and a fifty-two week high of $77.20. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.14. The business had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. Mondelez International’s revenue was up 1.9% compared to the same quarter last year. During the same period last year, the firm posted $0.82 earnings per share. Equities analysts expect that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a dividend of $0.47 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 3.25%. Mondelez International’s dividend payout ratio is currently 66.67%.

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

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.