Edmond DE Rothschild Holding S.A. Reduces Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Edmond DE Rothschild Holding S.A. reduced its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 67.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 41,448 shares of the company's stock after selling 84,311 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in Mondelez International were worth $2,476,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in MDLZ. Continuum Advisory LLC lifted its position in shares of Mondelez International by 7.4% during the 3rd quarter. Continuum Advisory LLC now owns 2,542 shares of the company's stock valued at $187,000 after acquiring an additional 175 shares during the period. First Horizon Advisors Inc. raised its holdings in shares of Mondelez International by 1.8% during the fourth quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company's stock valued at $627,000 after purchasing an additional 181 shares during the period. Traphagen Investment Advisors LLC boosted its position in shares of Mondelez International by 0.8% during the 4th quarter. Traphagen Investment Advisors LLC now owns 23,619 shares of the company's stock worth $1,411,000 after purchasing an additional 187 shares in the last quarter. Core Alternative Capital grew its stake in shares of Mondelez International by 1.7% in the 4th quarter. Core Alternative Capital now owns 11,448 shares of the company's stock valued at $684,000 after buying an additional 187 shares during the period. Finally, Waldron Private Wealth LLC increased its position in Mondelez International by 1.0% in the 4th quarter. Waldron Private Wealth LLC now owns 19,496 shares of the company's stock valued at $1,164,000 after buying an additional 191 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

MDLZ has been the subject of a number of research reports. Mizuho raised their price objective on Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a research note on Friday, February 14th. Wells Fargo & Company lifted their price target on shares of Mondelez International from $64.00 to $68.00 and gave the company an "equal weight" rating in a research report on Wednesday. Jefferies Financial Group downgraded shares of Mondelez International from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. Piper Sandler lifted their price objective on shares of Mondelez International from $56.00 to $59.00 and gave the company a "neutral" rating in a report on Thursday, March 27th. Finally, Royal Bank of Canada lowered their target price 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $70.20.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ traded down $1.59 during mid-day trading on Friday, reaching $66.31. The company had a trading volume of 13,786,976 shares, compared to its average volume of 7,973,730. The company's 50-day moving average price is $63.25 and its 200-day moving average price is $64.54. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The firm has a market cap of $85.77 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 4.34 and a beta of 0.47. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued 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 net margin of 12.68% and a return on equity of 16.75%. As a group, equities research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International declared that its board has approved a stock buyback program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to purchase up to 10.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its shares are undervalued.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be paid a $0.47 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.84%. Mondelez International's payout ratio is 54.97%.

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.