Cannell & Spears LLC Sells 83,259 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Cannell & Spears LLC lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 12.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 596,485 shares of the company's stock after selling 83,259 shares during the quarter. Cannell & Spears LLC's holdings in Mondelez International were worth $35,628,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in MDLZ. United Bank raised its position in Mondelez International by 12.7% in the third quarter. United Bank now owns 22,649 shares of the company's stock worth $1,669,000 after purchasing an additional 2,549 shares in the last quarter. L.M. Kohn & Company boosted its holdings in Mondelez International by 9.3% in the third quarter. L.M. Kohn & Company now owns 4,889 shares of the company's stock valued at $360,000 after acquiring an additional 415 shares during the last quarter. Cobblestone Capital Advisors LLC NY boosted its stake in Mondelez International by 25.6% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 3,993 shares of the company's stock valued at $294,000 after acquiring an additional 815 shares during the last quarter. Erste Asset Management GmbH acquired a new stake in shares of Mondelez International during the third quarter worth $2,337,000. Finally, B&L Asset Management LLC bought a new stake in Mondelez International in the third quarter valued at approximately $378,000. Institutional investors own 78.32% of the company's stock.

Mondelez International Trading Down 0.8 %

Shares of Mondelez International stock traded down $0.56 on Friday, hitting $67.34. The stock had a trading volume of 4,638,684 shares, compared to its average volume of 7,970,036. The stock has a 50 day moving average of $63.07 and a 200 day moving average of $64.68. 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 twelve month low of $53.95 and a twelve month high of $76.06. The firm has a market capitalization of $87.10 billion, a P/E ratio of 19.69, a PEG ratio of 4.34 and a beta of 0.50.

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Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data 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%. Sell-side analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

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

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be given a $0.47 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.79%. Mondelez International's dividend payout ratio (DPR) is currently 54.97%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on MDLZ shares. The Goldman Sachs Group decreased their price objective on Mondelez International from $68.00 to $60.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. DZ Bank cut Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price objective on the stock. in a research note on Friday, February 7th. Morgan Stanley initiated coverage on shares of Mondelez International in a research note on Monday, March 24th. They issued an "overweight" rating and a $69.00 target price for the company. Royal Bank of Canada decreased their price objective on shares of Mondelez International from $75.00 to $69.00 and set an "outperform" rating on the stock in a report on Thursday, February 6th. Finally, Barclays dropped their price target on Mondelez International from $69.00 to $63.00 and set an "overweight" rating for the company in a 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 given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $70.20.

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.