Corient Private Wealth LLC cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 10.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,061,668 shares of the company's stock after selling 239,888 shares during the period. Corient Private Wealth LLC owned 0.15% of Mondelez International worth $122,871,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Truvestments Capital LLC acquired a new stake in Mondelez International in the 3rd quarter worth approximately $25,000. Marshall Investment Management LLC acquired a new stake in Mondelez International in the 4th quarter worth approximately $26,000. Prospera Private Wealth LLC acquired a new stake in Mondelez International in the 3rd quarter worth approximately $27,000. Hager Investment Management Services LLC acquired a new stake in Mondelez International in the 4th quarter worth approximately $27,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in Mondelez International in the 4th quarter worth approximately $31,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.
Mondelez International Price Performance
MDLZ traded down $0.05 on Thursday, hitting $63.95. 6,013,620 shares of the company's stock were exchanged, compared to its average volume of 7,432,299. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average price of $61.07 and a 200-day moving average price of $65.24. The stock has a market cap of $82.72 billion, a price-to-earnings ratio of 18.70, a P/E/G ratio of 4.34 and a beta of 0.50.
Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share 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%. As a group, equities analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.
Mondelez International Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be given a dividend of $0.47 per share. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.94%. Mondelez International's payout ratio is 54.97%.
Mondelez International declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, December 11th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to buy up to 10.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's management believes its stock is undervalued.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on MDLZ shares. UBS Group reduced their price target on shares of Mondelez International from $76.00 to $63.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Royal Bank of Canada reduced 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. Dbs Bank lowered shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 7th. Wells Fargo & Company reduced their price target on shares of Mondelez International from $61.00 to $54.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Finally, Jefferies Financial Group lowered shares of Mondelez International from a "buy" rating to a "hold" rating and reduced their price target for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Mondelez International has an average rating of "Moderate Buy" and an average target price of $69.74.
View Our Latest Report on Mondelez International
About Mondelez International
(
Free Report)
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.
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