Mutual of America Capital Management LLC Cuts Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Mutual of America Capital Management LLC cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 2.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 159,965 shares of the company's stock after selling 4,304 shares during the quarter. Mutual of America Capital Management LLC's holdings in Mondelez International were worth $9,555,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of MDLZ. State Street Corp lifted its stake in shares of Mondelez International by 3.2% in the third quarter. State Street Corp now owns 60,151,987 shares of the company's stock worth $4,459,239,000 after buying an additional 1,851,247 shares in the last quarter. Geode Capital Management LLC raised its holdings in Mondelez International by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 28,204,955 shares of the company's stock worth $2,069,906,000 after acquiring an additional 341,203 shares during the last quarter. FMR LLC lifted its position in 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 in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Mondelez International by 2.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 17,215,182 shares of the company's stock valued at $1,268,242,000 after purchasing an additional 489,068 shares during the last quarter. Finally, Mizuho Securities USA LLC increased its holdings in shares of Mondelez International by 12,057.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company's stock worth $926,327,000 after purchasing an additional 12,470,573 shares in the last quarter. Institutional investors own 78.32% of the company's stock.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ traded up $0.55 during midday trading on Wednesday, hitting $65.84. The company's stock had a trading volume of 2,149,460 shares, compared to its average volume of 10,852,503. The company has a market cap of $85.17 billion, a P/E ratio of 19.25, a price-to-earnings-growth ratio of 4.34 and a beta of 0.54. 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 12-month low of $53.95 and a 12-month high of $76.06. The business's 50 day simple moving average is $59.64 and its 200 day simple moving average is $65.61.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly 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 net margin of 12.68% and a return on equity of 16.75%. On average, analysts forecast 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 issued a $0.47 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 2.86%. Mondelez International's dividend payout ratio (DPR) is presently 54.97%.

Mondelez International announced that its Board of Directors has authorized a share 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 usually a sign that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of several recent analyst reports. Citigroup dropped their price objective 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. Argus cut Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating on the stock in a research report on Wednesday, January 22nd. Barclays lowered their price objective on Mondelez International from $69.00 to $63.00 and set an "overweight" rating for the company in a research note on Thursday, February 6th. Finally, Piper Sandler cut Mondelez International from an "overweight" rating to a "neutral" rating and cut their target price for the company from $70.00 to $63.00 in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $69.74.

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.