B. Metzler seel. Sohn & Co. AG Has $5.92 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

B. Metzler seel. Sohn & Co. AG decreased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 27.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 99,134 shares of the company's stock after selling 37,000 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Mondelez International were worth $5,921,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Mondelez International by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company's stock valued at $7,910,477,000 after acquiring an additional 931,776 shares during the last quarter. State Street Corp boosted its stake in shares of 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 purchasing an additional 1,851,247 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Mondelez International by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 28,204,955 shares of the company's stock valued at $2,069,906,000 after purchasing an additional 341,203 shares during the last quarter. Norges Bank acquired a new position in Mondelez International during the 4th quarter worth approximately $1,118,755,000. Finally, Bank of New York Mellon Corp lifted its stake in Mondelez International by 3.3% in the 4th quarter. Bank of New York Mellon Corp now owns 10,354,236 shares of the company's stock valued at $618,458,000 after purchasing an additional 326,177 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Remove Ads

Mondelez International Trading Down 2.3 %

Mondelez International stock traded down $1.59 during trading hours 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 firm's 50 day simple moving average is $63.25 and its 200 day simple moving average is $64.54. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $85.77 billion, a PE ratio of 19.39, a PEG ratio of 4.34 and a beta of 0.47.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.65 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%. Research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The business also recently disclosed 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 of this dividend is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.84%. Mondelez International's dividend payout ratio is currently 54.97%.

Mondelez International announced that its board has approved a share repurchase program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 10.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on MDLZ shares. Wells Fargo & Company boosted their target price on shares of Mondelez International from $64.00 to $68.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Morgan Stanley started coverage on Mondelez International in a research report on Monday, March 24th. They set an "overweight" rating and a $69.00 price objective on the stock. DZ Bank cut Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 target price for the company. in a report on Friday, February 7th. Jefferies Financial Group lowered Mondelez International from a "buy" rating to a "hold" rating and cut their price target for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. Finally, Mizuho upped 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. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $70.20.

Mondelez International 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.