Dearborn Partners LLC Sells 12,283 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Dearborn Partners LLC lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 3.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 365,321 shares of the company's stock after selling 12,283 shares during the quarter. Dearborn Partners LLC's holdings in Mondelez International were worth $21,821,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Morton Community Bank grew its position in Mondelez International by 2.4% during the fourth quarter. Morton Community Bank now owns 46,130 shares of the company's stock worth $2,755,000 after buying an additional 1,075 shares in the last quarter. Independent Advisor Alliance grew its position in Mondelez International by 2.6% during the fourth quarter. Independent Advisor Alliance now owns 53,749 shares of the company's stock worth $3,210,000 after buying an additional 1,349 shares in the last quarter. Daiwa Securities Group Inc. grew its position in Mondelez International by 44.9% during the fourth quarter. Daiwa Securities Group Inc. now owns 360,886 shares of the company's stock worth $21,556,000 after buying an additional 111,819 shares in the last quarter. Saybrook Capital NC grew its position in Mondelez International by 30.9% during the fourth quarter. Saybrook Capital NC now owns 177,638 shares of the company's stock worth $10,610,000 after buying an additional 41,915 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new position in Mondelez International during the fourth quarter worth about $16,833,000. 78.32% of the stock is currently owned by institutional investors.

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Mondelez International Price Performance

Shares of Mondelez International stock traded down $2.46 on Wednesday, hitting $65.39. 4,685,199 shares of the company traded hands, compared to its average volume of 11,005,133. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The business has a 50-day simple moving average of $60.39 and a 200 day simple moving average of $65.48. 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 $84.58 billion, a P/E ratio of 19.12, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50.

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

Mondelez International declared that its board has approved a stock buyback plan on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to reacquire up to 10.7% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's leadership believes its shares are undervalued.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 2.88%. Mondelez International's dividend payout ratio (DPR) is currently 54.97%.

Analyst Ratings Changes

MDLZ has been the subject of several recent analyst reports. UBS Group reduced their target price on Mondelez International from $76.00 to $63.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Mizuho upped their price objective on Mondelez International from $64.00 to $70.00 and gave the stock an "outperform" rating in a report on Friday, February 14th. Jefferies Financial Group cut Mondelez International from a "buy" rating to a "hold" rating and cut their price objective for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. Stifel Nicolaus cut their price objective on Mondelez International from $82.00 to $70.00 and set a "buy" rating for the company in a report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock currently 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.