Compagnie Lombard Odier SCmA Has $51.51 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Compagnie Lombard Odier SCmA lowered its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 1.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 862,404 shares of the company's stock after selling 16,966 shares during the period. Compagnie Lombard Odier SCmA owned approximately 0.06% of Mondelez International worth $51,511,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Mizuho Securities USA LLC lifted its position in shares of 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 worth $926,327,000 after purchasing an additional 12,470,573 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Mondelez International by 2,560.0% during the 4th quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company's stock worth $203,749,000 after purchasing an additional 3,282,937 shares during the last quarter. Ilex Capital Partners UK LLP acquired a new position in shares of Mondelez International during the 3rd quarter worth about $219,045,000. FMR LLC lifted its position in shares of Mondelez International by 14.2% during the 3rd quarter. FMR LLC now owns 18,255,657 shares of the company's stock worth $1,344,894,000 after purchasing an additional 2,268,639 shares during the last quarter. Finally, Holocene Advisors LP acquired a new position in shares of Mondelez International during the 3rd quarter worth about $159,823,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Price Performance

NASDAQ MDLZ traded up $0.36 during trading hours on Tuesday, reaching $61.18. 10,757,981 shares of the company's stock were exchanged, compared to its average volume of 11,133,493. The stock has a market cap of $81.81 billion, a PE ratio of 17.89, a price-to-earnings-growth ratio of 4.04 and a beta of 0.54. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The firm 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 released its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 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%. On average, equities research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International declared that its board has initiated a stock repurchase program 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 programs are often an indication that the company's board believes its shares are undervalued.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.07%. The ex-dividend date is Monday, March 31st. Mondelez International's dividend payout ratio is 54.97%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MDLZ. Barclays cut their price objective on Mondelez International from $69.00 to $63.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. Redburn Atlantic started coverage on Mondelez International in a report on Tuesday, October 22nd. They issued a "buy" rating and a $82.00 price target for the company. Mizuho upped their price target on Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a report on Friday. Jefferies Financial Group cut Mondelez International from a "buy" rating to a "hold" rating and cut their price target for the company from $75.00 to $62.00 in a report on Tuesday, January 21st. Finally, Citigroup cut their price target on Mondelez International from $78.00 to $71.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.