Guardian Investment Management Decreases Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Guardian Investment Management cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 90.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,255 shares of the company’s stock after selling 11,295 shares during the period. Guardian Investment Management’s holdings in Mondelez International were worth $91,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of MDLZ. DekaBank Deutsche Girozentrale raised its position in Mondelez International by 5.1% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 2,480,235 shares of the company’s stock worth $179,520,000 after purchasing an additional 120,665 shares during the period. Handelsinvest Investeringsforvaltning purchased a new position in Mondelez International in the 4th quarter worth $1,650,000. Signature Estate & Investment Advisors LLC raised its position in Mondelez International by 4.7% in the 4th quarter. Signature Estate & Investment Advisors LLC now owns 38,518 shares of the company’s stock worth $2,789,000 after purchasing an additional 1,713 shares during the period. HS Management Partners LLC raised its position in Mondelez International by 8.3% in the 4th quarter. HS Management Partners LLC now owns 1,671,075 shares of the company’s stock worth $121,036,000 after purchasing an additional 128,490 shares during the period. Finally, Cerity Partners LLC increased its position in shares of Mondelez International by 70.2% in the fourth quarter. Cerity Partners LLC now owns 552,122 shares of the company’s stock valued at $40,013,000 after acquiring an additional 227,743 shares during the period. 78.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Barclays decreased their price objective on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. JPMorgan Chase & Co. decreased their price objective on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Stifel Nicolaus boosted their price objective on shares of Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Finally, Citigroup cut their target price on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $80.89.

Mondelez International Stock Up 0.8 %

Shares of NASDAQ:MDLZ traded up $0.53 during trading on Thursday, reaching $67.04. 5,096,449 shares of the stock traded hands, compared to its average volume of 7,532,500. The stock has a 50-day moving average of $70.86 and a two-hundred day moving average of $70.47. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $78.59. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.43 and a current ratio of 0.62. The stock has a market cap of $90.27 billion, a P/E ratio of 18.41, a price-to-earnings-growth ratio of 2.29 and a beta of 0.56.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, January 30th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. The company had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.31 billion. Mondelez International had a net margin of 13.77% and a return on equity of 15.91%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.73 earnings per share. As a group, sell-side analysts expect that Mondelez International, Inc. will post 3.52 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were given a dividend of $0.425 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.70 annualized dividend and a dividend yield of 2.54%. Mondelez International’s payout ratio is 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.