O Shaughnessy Asset Management LLC Has $11.22 Million Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

O Shaughnessy Asset Management LLC lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 20.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 187,878 shares of the company's stock after selling 48,397 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Mondelez International were worth $11,222,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in Mondelez International by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company's stock worth $7,910,477,000 after acquiring an additional 931,776 shares in the last quarter. State Street Corp raised its stake in shares of Mondelez International by 3.2% during the 3rd quarter. State Street Corp now owns 60,151,987 shares of the company's stock worth $4,459,239,000 after purchasing an additional 1,851,247 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Mondelez International by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 28,204,955 shares of the company's stock valued at $2,069,906,000 after buying an additional 341,203 shares during the last quarter. Norges Bank bought a new position in shares of Mondelez International in the fourth quarter valued at $1,118,755,000. Finally, Bank of New York Mellon Corp grew its stake in shares of Mondelez International by 3.3% in the fourth quarter. Bank of New York Mellon Corp now owns 10,354,236 shares of the company's stock valued at $618,458,000 after buying an additional 326,177 shares in the last quarter. 78.32% of the stock is owned by institutional investors.

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Mondelez International Stock Performance

Shares of MDLZ traded down $1.59 during mid-day trading on Friday, hitting $66.31. 13,786,976 shares of the company's stock were exchanged, compared to its average volume of 7,973,730. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The firm has a market cap of $85.77 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47. The stock's 50-day simple moving average is $63.25 and its 200-day simple moving average is $64.54. 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 announced its quarterly earnings data 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%. On average, equities research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International declared that its Board of Directors has approved a stock repurchase plan on Wednesday, December 11th that permits the company to buyback $9.00 billion in shares. This buyback authorization permits the company to repurchase 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 shares are undervalued.

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 issued 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%.

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of recent analyst reports. Royal Bank of Canada cut 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 note on Thursday, February 6th. Barclays cut their target price on shares of Mondelez International from $69.00 to $63.00 and set an "overweight" rating for the company in a research note on Thursday, February 6th. Stifel Nicolaus lowered their price target 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. Citigroup cut their price objective on Mondelez International from $78.00 to $71.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Finally, DZ Bank lowered Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 target price on the stock. in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $70.20.

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.