National Bank of Canada FI Lowers Position in Mondelez International, Inc. (NASDAQ:MDLZ)

National Bank of Canada FI trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 23.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,343,995 shares of the company's stock after selling 705,445 shares during the quarter. National Bank of Canada FI owned approximately 0.18% of Mondelez International worth $140,001,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Continuum Advisory LLC boosted its position in shares of Mondelez International by 7.4% during the third quarter. Continuum Advisory LLC now owns 2,542 shares of the company's stock worth $187,000 after acquiring an additional 175 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in Mondelez International by 1.8% in the 4th quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company's stock valued at $627,000 after acquiring an additional 181 shares during the last quarter. Traphagen Investment Advisors LLC lifted its stake in Mondelez International by 0.8% in the 4th quarter. Traphagen Investment Advisors LLC now owns 23,619 shares of the company's stock worth $1,411,000 after purchasing an additional 187 shares in the last quarter. Core Alternative Capital boosted its holdings in shares of Mondelez International by 1.7% during the 4th quarter. Core Alternative Capital now owns 11,448 shares of the company's stock valued at $684,000 after purchasing an additional 187 shares during the last quarter. Finally, Waldron Private Wealth LLC grew its position in shares of Mondelez International by 1.0% during the fourth quarter. Waldron Private Wealth LLC now owns 19,496 shares of the company's stock valued at $1,164,000 after purchasing an additional 191 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Stifel Nicolaus decreased their target price on Mondelez International from $82.00 to $70.00 and set a "buy" rating on the stock in a research report on Friday, January 24th. Morgan Stanley began coverage on Mondelez International in a research report on Monday, March 24th. They set an "overweight" rating and a $69.00 target price for the company. Royal Bank of Canada cut their target price on shares of Mondelez International from $75.00 to $69.00 and set an "outperform" rating for the company in a report on Thursday, February 6th. UBS Group decreased their price target on shares of Mondelez International from $76.00 to $63.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Finally, DZ Bank cut shares of Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price objective for the company. in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $70.20.

Mondelez International Trading Down 2.3 %

MDLZ traded down $1.59 during trading hours on Friday, reaching $66.31. 13,786,976 shares of the company's stock traded hands, compared to its average volume of 7,973,730. The firm has a 50-day moving average price of $63.25 and a 200 day moving average price of $64.54. 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. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06.

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

Mondelez International Dividend Announcement

The business also recently announced 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. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International's dividend payout ratio (DPR) is presently 54.97%.

Mondelez International declared that its Board of Directors has initiated a stock repurchase program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its shares are undervalued.

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.