Picton Mahoney Asset Management Sells 24,367 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Picton Mahoney Asset Management lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 25.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,887 shares of the company's stock after selling 24,367 shares during the period. Picton Mahoney Asset Management's holdings in Mondelez International were worth $4,293,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Buckley Wealth Management LLC boosted its stake in Mondelez International by 2.6% during the 4th quarter. Buckley Wealth Management LLC now owns 10,512 shares of the company's stock valued at $628,000 after purchasing an additional 271 shares during the last quarter. Greatmark Investment Partners Inc. boosted its stake in Mondelez International by 45.2% during the 4th quarter. Greatmark Investment Partners Inc. now owns 4,351 shares of the company's stock valued at $260,000 after purchasing an additional 1,355 shares during the last quarter. Alpine Woods Capital Investors LLC boosted its stake in Mondelez International by 5.2% during the 4th quarter. Alpine Woods Capital Investors LLC now owns 95,960 shares of the company's stock valued at $5,732,000 after purchasing an additional 4,715 shares during the last quarter. Wellington Shields Capital Management LLC boosted its stake in Mondelez International by 5.2% during the 4th quarter. Wellington Shields Capital Management LLC now owns 6,952 shares of the company's stock valued at $415,000 after purchasing an additional 346 shares during the last quarter. Finally, LBP AM SA boosted its stake in Mondelez International by 4.1% during the 4th quarter. LBP AM SA now owns 188,994 shares of the company's stock valued at $11,289,000 after purchasing an additional 7,384 shares during the last quarter. Institutional investors own 78.32% of the company's stock.

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Mondelez International Price Performance

Shares of NASDAQ:MDLZ traded down $0.05 during mid-day trading on Thursday, reaching $63.95. The stock had a trading volume of 6,013,505 shares, compared to its average volume of 7,432,299. 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 company has a market cap of $82.72 billion, a P/E ratio of 18.70, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The business's 50 day moving average price is $61.07 and its 200 day moving average price is $65.24.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing analysts' consensus estimates 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 expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International announced that its Board of Directors has initiated a share repurchase plan on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 10.7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its stock is undervalued.

Mondelez International Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a yield of 2.94%. Mondelez International's dividend payout ratio (DPR) is presently 54.97%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on MDLZ shares. Wells Fargo & Company dropped their price target on Mondelez International from $61.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. DZ Bank downgraded Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price target on the stock. in a research note on Friday, February 7th. Citigroup dropped their price target on Mondelez International from $78.00 to $71.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Jefferies Financial Group downgraded Mondelez International from a "buy" rating to a "hold" rating and dropped their price target for the stock from $75.00 to $62.00 in a research note on Tuesday, January 21st. Finally, Royal Bank of Canada dropped their price target on Mondelez International from $75.00 to $69.00 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. One equities research 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. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.