Highland Capital Management LLC Has $8.11 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Highland Capital Management LLC lessened its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Tyler Stone Wealth Management bought a new stake in shares of Mondelez International in the 2nd quarter valued at about $25,000. Retirement Group LLC bought a new stake in shares of Mondelez International in the 4th quarter valued at about $25,000. Carmel Capital Partners LLC bought a new stake in shares of Mondelez International in the 3rd quarter valued at about $28,000. First Command Advisory Services Inc. bought a new stake in shares of Mondelez International in the 3rd quarter valued at about $29,000. Finally, VitalStone Financial LLC grew its position in shares of Mondelez International by 1,553.8% in the 2nd quarter. VitalStone Financial LLC now owns 430 shares of the company’s stock valued at $30,000 after buying an additional 404 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $70.10 on Thursday. The company 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 business has a 50 day moving average price of $73.03 and a 200-day moving average price of $70.80. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 0.60.

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

Mondelez International Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Stifel Nicolaus upped their target price on Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. JPMorgan Chase & Co. cut their target price on Mondelez International from $84.00 to $82.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 29th. Deutsche Bank Aktiengesellschaft upped their target price on Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Barclays upped their target price on Mondelez International from $79.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, January 16th. Finally, StockNews.com lowered Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and a consensus price target of $81.37.

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.