Mondelez International, Inc. (NASDAQ:MDLZ) Stake Cut by Groupama Asset Managment

Groupama Asset Managment reduced its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 94.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,103 shares of the company's stock after selling 990,665 shares during the quarter. Groupama Asset Managment's holdings in Mondelez International were worth $3,342,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Marshall Investment Management LLC acquired a new stake in shares of Mondelez International during the fourth quarter valued at $26,000. Hager Investment Management Services LLC purchased a new position in Mondelez International in the 4th quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Mondelez International during the 4th quarter worth about $31,000. McClarren Financial Advisors Inc. purchased a new stake in shares of Mondelez International during the fourth quarter worth about $32,000. Finally, Sierra Ocean LLC purchased a new stake in shares of Mondelez International during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Stock Down 2.3 %

Shares of NASDAQ MDLZ traded down $1.59 during midday trading on Friday, reaching $66.31. 13,786,976 shares of the company's stock were exchanged, compared to its average volume of 7,973,730. 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 52-week low of $53.95 and a 52-week high of $76.06. The business's fifty day moving average price is $63.25 and its two-hundred day moving average price is $64.54. The stock has a market capitalization of $85.77 billion, a PE ratio of 19.39, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47.

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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 (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International announced that its Board of Directors has initiated a share repurchase plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 10.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders 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 yield of 2.84%. Mondelez International's dividend payout ratio (DPR) is 54.97%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. The Goldman Sachs Group decreased their target price on shares of Mondelez International from $68.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Argus cut Mondelez International from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Jefferies Financial Group lowered Mondelez International from a "buy" rating to a "hold" rating and dropped their target price for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. Citigroup reduced their target price on Mondelez International from $78.00 to $71.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada lowered their price target on Mondelez International from $75.00 to $69.00 and set an "outperform" rating for the company in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $70.20.

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.