Brown Brothers Harriman & Co. Reduces Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Brown Brothers Harriman & Co. cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 27.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,976 shares of the company's stock after selling 5,931 shares during the quarter. Brown Brothers Harriman & Co.'s holdings in Mondelez International were worth $954,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Marshall Investment Management LLC bought a new position in shares of Mondelez International during the fourth quarter valued at approximately $26,000. Hager Investment Management Services LLC purchased a new position in Mondelez International during the 4th quarter valued at $27,000. Kohmann Bosshard Financial Services LLC bought a new position in Mondelez International in the 4th quarter valued at $31,000. Sierra Ocean LLC purchased a new stake in Mondelez International in the fourth quarter worth $32,000. Finally, McClarren Financial Advisors Inc. bought a new stake in shares of Mondelez International during the fourth quarter worth $32,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the stock. DZ Bank downgraded shares of Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price target on the stock. in a research note on Friday, February 7th. Morgan Stanley started coverage on shares of Mondelez International in a research report on Monday, March 24th. They set an "overweight" rating and a $69.00 target price on the stock. Dbs Bank lowered Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, February 7th. Piper Sandler increased their price objective on Mondelez International from $56.00 to $59.00 and gave the stock a "neutral" rating in a research note on Thursday, March 27th. 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 report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $70.20.

Remove Ads

Mondelez International Stock Down 2.3 %

Shares of Mondelez International stock traded down $1.59 on Friday, reaching $66.31. The stock had a trading volume of 13,786,976 shares, compared to its average volume of 7,982,834. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The company has a 50 day moving average price of $63.25 and a 200 day moving average price of $64.61. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $85.77 billion, a P/E ratio of 19.39, a P/E/G ratio of 4.34 and a beta of 0.47.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) 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 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.47 per share. The ex-dividend date 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 54.97%.

Mondelez International declared that its Board of Directors has approved a stock buyback plan 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 shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Mondelez International 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.