Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. decreased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 36.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,064,914 shares of the company's stock after selling 3,428,539 shares during the period. Mondelez International comprises approximately 1.2% of Vontobel Holding Ltd.'s investment portfolio, making the stock its 24th largest holding. Vontobel Holding Ltd. owned approximately 0.45% of Mondelez International worth $362,257,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Hazlett Burt & Watson Inc. lifted its position in shares of Mondelez International by 16.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company's stock valued at $78,000 after buying an additional 150 shares in the last quarter. SeaCrest Wealth Management LLC lifted its holdings in Mondelez International by 1.3% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 12,130 shares of the company's stock valued at $894,000 after purchasing an additional 156 shares in the last quarter. Canopy Partners LLC lifted its holdings in Mondelez International by 1.2% in the 3rd quarter. Canopy Partners LLC now owns 13,335 shares of the company's stock valued at $982,000 after purchasing an additional 161 shares in the last quarter. Hardy Reed LLC lifted its holdings in Mondelez International by 1.4% in the 3rd quarter. Hardy Reed LLC now owns 11,511 shares of the company's stock valued at $848,000 after purchasing an additional 161 shares in the last quarter. Finally, Interchange Capital Partners LLC lifted its holdings in Mondelez International by 4.9% in the 3rd quarter. Interchange Capital Partners LLC now owns 3,490 shares of the company's stock valued at $257,000 after purchasing an additional 163 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of a number of research reports. Piper Sandler lowered Mondelez International from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $70.00 to $63.00 in a report on Friday, January 31st. Stifel Nicolaus decreased their price objective on Mondelez International from $82.00 to $70.00 and set a "buy" rating on the stock in a report on Friday, January 24th. Barclays decreased their price objective on Mondelez International from $69.00 to $63.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. Redburn Atlantic began coverage on Mondelez International in a report on Tuesday, October 22nd. They issued a "buy" rating and a $82.00 price objective on the stock. Finally, Wells Fargo & Company reduced 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $69.74.

Mondelez International Trading Up 0.6 %

Shares of NASDAQ:MDLZ traded up $0.36 during midday trading on Tuesday, reaching $61.18. 10,757,981 shares of the company's stock were exchanged, compared to its average volume of 11,133,493. The firm's 50 day simple moving average is $58.97 and its two-hundred day simple moving average is $66.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.42. The stock has a market cap of $81.81 billion, a price-to-earnings ratio of 17.89, a P/E/G ratio of 4.04 and a beta of 0.54. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06.

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

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International's dividend payout ratio is currently 54.97%.

Mondelez International declared that its board has authorized a stock repurchase plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to repurchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is 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.