Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,357,765 shares of the company's stock after selling 39,452 shares during the period. Alliancebernstein L.P. owned about 0.10% of Mondelez International worth $81,099,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. AIA Group Ltd raised its stake in Mondelez International by 45.8% in the 4th quarter. AIA Group Ltd now owns 33,896 shares of the company's stock valued at $2,025,000 after purchasing an additional 10,642 shares during the last quarter. Partners in Financial Planning purchased a new position in shares of Mondelez International in the fourth quarter worth about $229,000. United Bank boosted its position in Mondelez International by 13.6% during the fourth quarter. United Bank now owns 25,728 shares of the company's stock worth $1,537,000 after acquiring an additional 3,079 shares during the last quarter. RWA Wealth Partners LLC grew its stake in Mondelez International by 7.3% during the 4th quarter. RWA Wealth Partners LLC now owns 16,712 shares of the company's stock valued at $998,000 after acquiring an additional 1,131 shares in the last quarter. Finally, Schroder Investment Management Group raised its holdings in Mondelez International by 3.5% in the 4th quarter. Schroder Investment Management Group now owns 501,794 shares of the company's stock valued at $29,651,000 after acquiring an additional 16,830 shares during the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several brokerages have recently weighed in on MDLZ. Wells Fargo & Company boosted their target price on Mondelez International from $64.00 to $68.00 and gave the stock an "equal weight" rating in a report on Wednesday. Royal Bank of Canada cut 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. Barclays lowered their price target on shares of Mondelez International from $69.00 to $63.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. Piper Sandler raised their price objective on shares of Mondelez International from $56.00 to $59.00 and gave the stock a "neutral" rating in a research report on Thursday, March 27th. Finally, Dbs Bank lowered shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $70.20.

Mondelez International Stock Down 2.3 %

Shares of Mondelez International stock traded down $1.59 during trading hours on Friday, reaching $66.31. 13,786,976 shares of the company were exchanged, compared to its average volume of 7,973,730. The firm has a market cap of $85.77 billion, a PE ratio of 19.39, a PEG ratio of 4.34 and a beta of 0.47. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The stock's fifty day moving average is $63.25 and its 200 day moving average is $64.54.

Mondelez International (NASDAQ:MDLZ - Get Free Report) 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, equities research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current 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 paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.84%. Mondelez International's payout ratio is currently 54.97%.

Mondelez International announced that its Board of Directors has initiated a share buyback program on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to purchase up to 10.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

About Mondelez International

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.