Investment House LLC Lowers Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Investment House LLC trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 45.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 52,035 shares of the company's stock after selling 42,651 shares during the period. Investment House LLC's holdings in Mondelez International were worth $3,108,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in Mondelez International by 3.2% in the 3rd quarter. State Street Corp now owns 60,151,987 shares of the company's stock valued at $4,459,239,000 after buying an additional 1,851,247 shares during the period. Geode Capital Management LLC increased its position in shares of Mondelez International by 1.2% during the third quarter. Geode Capital Management LLC now owns 28,204,955 shares of the company's stock valued at $2,069,906,000 after acquiring an additional 341,203 shares during the last quarter. FMR LLC raised its stake in shares of Mondelez International by 14.2% in the 3rd quarter. FMR LLC now owns 18,255,657 shares of the company's stock valued at $1,344,894,000 after acquiring an additional 2,268,639 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Mondelez International by 2.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 17,215,182 shares of the company's stock worth $1,268,242,000 after acquiring an additional 489,068 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Mondelez International by 3.3% during the 4th quarter. Bank of New York Mellon Corp now owns 10,354,236 shares of the company's stock worth $618,458,000 after purchasing an additional 326,177 shares during the period. Institutional investors and hedge funds own 78.32% of the company's stock.

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Mondelez International Stock Up 0.9 %

Shares of Mondelez International stock traded up $0.56 during trading hours on Friday, hitting $64.51. The company had a trading volume of 25,429,793 shares, compared to its average volume of 7,508,716. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The company's 50-day moving average is $61.35 and its two-hundred day moving average is $65.13. The company has a market cap of $83.45 billion, a P/E ratio of 18.86, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06.

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 the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently declared 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. This represents a $1.88 annualized dividend and a yield of 2.91%. The ex-dividend date is Monday, March 31st. Mondelez International's dividend payout ratio (DPR) is 54.97%.

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on MDLZ shares. DZ Bank lowered Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 target price on the stock. in a research report on Friday, February 7th. Royal Bank of Canada decreased their price target on shares of Mondelez International from $75.00 to $69.00 and set an "outperform" rating for the company in a research report on Thursday, February 6th. Argus downgraded shares of Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. The Goldman Sachs Group reduced their price objective on Mondelez International from $68.00 to $60.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Finally, Piper Sandler cut Mondelez International from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $70.00 to $63.00 in a research note on Friday, January 31st. One investment 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's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target 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.