Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Banque Pictet & Cie SA

Banque Pictet & Cie SA reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 18.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,617 shares of the company's stock after selling 26,495 shares during the period. Banque Pictet & Cie SA's holdings in Mondelez International were worth $7,145,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of MDLZ. Truvestments Capital LLC purchased a new stake in shares of Mondelez International in the third quarter valued at approximately $25,000. Prospera Private Wealth LLC purchased a new stake in shares of Mondelez International in the third quarter valued at approximately $27,000. Hager Investment Management Services LLC purchased a new stake in shares of Mondelez International in the fourth quarter valued at approximately $27,000. Richardson Financial Services Inc. grew its position in shares of Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company's stock valued at $28,000 after purchasing an additional 200 shares in the last quarter. Finally, McClarren Financial Advisors Inc. purchased a new stake in shares of Mondelez International in the fourth quarter valued at approximately $32,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Up 0.6 %

NASDAQ:MDLZ traded up $0.36 during trading hours on Tuesday, hitting $61.18. The company's stock had a trading volume of 10,389,175 shares, compared to its average volume of 10,993,058. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The stock has a market capitalization of $81.81 billion, a P/E ratio of 17.89, a price-to-earnings-growth ratio of 4.04 and a beta of 0.54. The stock has a fifty day moving average of $58.97 and a 200-day moving average of $66.06. The company has a current ratio of 0.68, a quick ratio of 0.42 and a debt-to-equity ratio of 0.58.

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 the consensus estimate 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 analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

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 dividend on an annualized basis and a yield of 3.07%. Mondelez International's payout ratio is currently 54.97%.

Mondelez International announced that its Board of Directors has approved a share buyback plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to reacquire up to 10.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a research report on Wednesday, January 22nd. Mizuho upped their price objective on Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a report on Friday. Citigroup decreased their price objective on Mondelez International from $78.00 to $71.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Redburn Atlantic started coverage on Mondelez International in a report on Tuesday, October 22nd. They issued a "buy" rating and a $82.00 price objective on the stock. Finally, Wells Fargo & Company decreased their price objective on Mondelez International from $61.00 to $54.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $69.74.

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.