Knights of Columbus Asset Advisors LLC Sells 4,738 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Knights of Columbus Asset Advisors LLC lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,009 shares of the company's stock after selling 4,738 shares during the period. Knights of Columbus Asset Advisors LLC's holdings in Mondelez International were worth $6,153,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new stake in shares of Mondelez International during the 3rd quarter valued at about $25,000. Prospera Private Wealth LLC bought a new position in Mondelez International during the third quarter valued at approximately $27,000. Marshall Investment Management LLC purchased a new stake in Mondelez International in the fourth quarter worth approximately $26,000. Hager Investment Management Services LLC purchased a new stake in Mondelez International in the fourth quarter worth approximately $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Mondelez International in the 4th quarter worth approximately $31,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MDLZ has been the topic of several research analyst reports. Wells Fargo & Company lowered their price target on Mondelez International from $61.00 to $54.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. Citigroup dropped 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. Mizuho boosted their price target on Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a research note on Friday, February 14th. Argus cut shares of Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Finally, Royal Bank of Canada cut their target price 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. One equities 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $69.70.

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Mondelez International Price Performance

Shares of NASDAQ:MDLZ traded down $0.27 during trading on Tuesday, hitting $64.69. 2,170,613 shares of the company's stock were exchanged, compared to its average volume of 7,507,820. The business's 50-day simple moving average is $61.52 and its 200 day simple moving average is $64.99. The company has a market cap of $83.67 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48.

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

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors 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 annualized dividend and a yield of 2.91%. Mondelez International's payout ratio is 54.97%.

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

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.