Mondelez International, Inc. (NASDAQ:MDLZ) Holdings Lowered by Aviso Wealth Management

Aviso Wealth Management lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 20.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,842 shares of the company's stock after selling 3,988 shares during the quarter. Aviso Wealth Management's holdings in Mondelez International were worth $946,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Financial Engines Advisors L.L.C. grew its position in Mondelez International by 25.0% during the fourth quarter. Financial Engines Advisors L.L.C. now owns 5,108 shares of the company's stock valued at $305,000 after acquiring an additional 1,021 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Mondelez International by 2.8% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 790,722 shares of the company's stock worth $47,230,000 after purchasing an additional 21,883 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its position in Mondelez International by 3.9% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 46,234 shares of the company's stock worth $2,762,000 after purchasing an additional 1,730 shares in the last quarter. Signature Estate & Investment Advisors LLC raised its holdings in Mondelez International by 5.0% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 33,569 shares of the company's stock valued at $2,005,000 after buying an additional 1,609 shares during the period. Finally, Zions Bancorporation N.A. lifted its position in Mondelez International by 51.2% during the fourth quarter. Zions Bancorporation N.A. now owns 31,621 shares of the company's stock valued at $1,889,000 after buying an additional 10,707 shares in the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MDLZ. Morgan Stanley began coverage on shares of Mondelez International in a research report on Monday, March 24th. They issued an "overweight" rating and a $69.00 price objective for the company. UBS Group cut their price objective on Mondelez International from $76.00 to $63.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft reduced their price objective on Mondelez International from $67.00 to $62.00 and set a "hold" rating on the stock in a research note on Wednesday, January 22nd. Stifel Nicolaus lowered their target price on Mondelez International from $82.00 to $70.00 and set a "buy" rating for the company in a research note on Friday, January 24th. Finally, Wells Fargo & Company reduced their price target on Mondelez International from $61.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $69.50.

Mondelez International Stock Performance

Shares of MDLZ stock traded up $0.22 on Friday, hitting $67.72. 11,564,303 shares of the stock traded hands, compared to its average volume of 7,922,538. The company's fifty day moving average is $62.25 and its 200 day moving average is $64.81. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The company has a market capitalization of $87.60 billion, a PE ratio of 19.80, a PEG ratio of 4.34 and a beta of 0.50. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued 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%. On average, equities research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be given a $0.47 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 2.78%. Mondelez International's dividend payout ratio is presently 54.97%.

Mondelez International announced that its Board of Directors has approved a stock repurchase plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 10.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management 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.