Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC lessened its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 14.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,473 shares of the company’s stock after selling 1,313 shares during the period. Moloney Securities Asset Management LLC’s holdings in Mondelez International were worth $446,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MDLZ. State Street Corp raised its holdings in Mondelez International by 3.2% in the 3rd quarter. State Street Corp now owns 60,151,987 shares of the company’s stock valued at $4,459,239,000 after acquiring an additional 1,851,247 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Mondelez International by 1.2% in the third quarter. Geode Capital Management LLC now owns 28,204,955 shares of the company’s stock valued at $2,069,906,000 after purchasing an additional 341,203 shares during the period. FMR LLC increased its stake in Mondelez International by 14.2% in the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock valued at $1,344,894,000 after purchasing an additional 2,268,639 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Mondelez International by 2.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 17,215,182 shares of the company’s stock worth $1,268,242,000 after buying an additional 489,068 shares during the period. Finally, Mizuho Securities USA LLC boosted its stake in Mondelez International by 12,057.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock worth $926,327,000 after buying an additional 12,470,573 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

MDLZ opened at $58.53 on Tuesday. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The company has a current ratio of 0.68, a quick ratio of 0.42 and a debt-to-equity ratio of 0.58. The firm has a market cap of $78.27 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 4.04 and a beta of 0.54. The company has a fifty day simple moving average of $59.34 and a 200 day simple moving average of $66.35.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Equities research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International announced that its board has initiated a stock repurchase plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is currently 54.97%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MDLZ. Piper Sandler downgraded shares of Mondelez International from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $70.00 to $63.00 in a research note on Friday, January 31st. UBS Group dropped their price target on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Wells Fargo & Company decreased their price target on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Jefferies Financial Group downgraded Mondelez International from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $69.72.

Mondelez International Company 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.