Asset Management One Co. Ltd. Trims Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Asset Management One Co. Ltd. cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 6.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 638,031 shares of the company's stock after selling 42,097 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Mondelez International were worth $38,416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Mondelez International Stock Performance

MDLZ traded up $0.57 during mid-day trading on Tuesday, reaching $61.39. 4,022,180 shares of the company traded hands, compared to its average volume of 10,908,264. The stock has a market capitalization of $82.09 billion, a P/E ratio of 17.94, a P/E/G ratio of 4.04 and a beta of 0.54. The company has a quick ratio of 0.42, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The company's fifty day moving average price is $58.97 and its 200-day moving average price is $66.06. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced 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 net margin of 12.68% and a return on equity of 16.75%. On average, sell-side analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be paid a $0.47 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.06%. Mondelez International's dividend payout ratio (DPR) is 54.97%.

Mondelez International announced that its board has approved a stock repurchase program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 10.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several analysts have weighed in on MDLZ shares. Dbs Bank cut Mondelez International from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft cut their price objective on Mondelez International from $67.00 to $62.00 and set a "hold" rating on the stock in a research report on Wednesday, January 22nd. Royal Bank of Canada cut their price objective on Mondelez International from $75.00 to $69.00 and set an "outperform" rating on the stock in a research report on Thursday, February 6th. Jefferies Financial Group cut Mondelez International from a "buy" rating to a "hold" rating and dropped their price target for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. Finally, Piper Sandler cut Mondelez International from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $70.00 to $63.00 in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $69.74.

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.