Tufton Capital Management Sells 2,785 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Tufton Capital Management lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 106,493 shares of the company’s stock after selling 2,785 shares during the quarter. Mondelez International accounts for 1.6% of Tufton Capital Management’s holdings, making the stock its 25th biggest position. Tufton Capital Management’s holdings in Mondelez International were worth $7,713,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC increased its stake in Mondelez International by 116,165.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 23,389,107 shares of the company’s stock valued at $1,558,884,000 after buying an additional 23,368,990 shares during the last quarter. Morgan Stanley raised its holdings in Mondelez International by 25.8% during the fourth quarter. Morgan Stanley now owns 22,750,267 shares of the company’s stock worth $1,516,305,000 after acquiring an additional 4,663,166 shares in the last quarter. Northern Trust Corp boosted its position in Mondelez International by 1.8% during the third quarter. Northern Trust Corp now owns 17,099,636 shares of the company’s stock valued at $1,186,715,000 after purchasing an additional 303,965 shares during the last quarter. Norges Bank bought a new position in Mondelez International in the fourth quarter valued at approximately $981,319,000. Finally, Bank of New York Mellon Corp grew its stake in Mondelez International by 0.6% in the third quarter. Bank of New York Mellon Corp now owns 11,872,797 shares of the company’s stock valued at $823,972,000 after purchasing an additional 65,976 shares in the last quarter. 78.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of several recent analyst reports. StockNews.com downgraded Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Stifel Nicolaus lifted 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. Citigroup dropped their target price on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. JPMorgan Chase & Co. cut their target price on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Finally, Barclays lowered their price target on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and an average target price of $80.89.

Mondelez International Stock Performance

Shares of Mondelez International stock traded up $0.26 during trading on Thursday, reaching $66.77. The company’s stock had a trading volume of 1,923,450 shares, compared to its average volume of 7,491,671. 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 business’s 50-day moving average price is $70.86 and its 200-day moving average price is $70.47. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $78.59. The firm has a market cap of $89.90 billion, a PE ratio of 18.41, a P/E/G ratio of 2.29 and a beta of 0.56.

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

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend was Wednesday, March 27th. Mondelez International’s dividend payout ratio is currently 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.