Fmr LLC Decreases Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Fmr LLC decreased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 8.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,634,453 shares of the company’s stock after selling 1,621,204 shares during the quarter. Fmr LLC’s holdings in Mondelez International were worth $993,576,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Marshall Investment Management LLC bought a new stake in shares of Mondelez International in the 4th quarter worth about $26,000. Hager Investment Management Services LLC bought a new stake in Mondelez International in the fourth quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in Mondelez International in the fourth quarter valued at about $31,000. McClarren Financial Advisors Inc. acquired a new stake in Mondelez International during the fourth quarter valued at approximately $32,000. Finally, Sierra Ocean LLC bought a new position in Mondelez International during the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on MDLZ. Wells Fargo & Company upped their price target on Mondelez International from $64.00 to $68.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 2nd. Barclays dropped their target price on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Jefferies Financial Group lowered shares of Mondelez International from a “buy” rating to a “hold” rating and decreased their price target for the company from $75.00 to $62.00 in a report on Tuesday, January 21st. UBS Group dropped their price objective 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, January 16th. Finally, Royal Bank of Canada decreased their target price on Mondelez International from $75.00 to $69.00 and set an “outperform” rating for the company in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $70.20.

Mondelez International Trading Down 1.6 %

Shares of NASDAQ:MDLZ opened at $65.23 on Tuesday. The company has a 50 day moving average of $63.39 and a 200-day moving average of $64.40. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The firm has a market cap of $84.38 billion, a P/E ratio of 19.07, a P/E/G ratio of 4.34 and a beta of 0.47. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06.

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

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s payout ratio is currently 54.97%.

Mondelez International announced that its Board of Directors has authorized a share buyback plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to repurchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

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.