Perkins Coie Trust Co Sells 5,439 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Perkins Coie Trust Co reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 14.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,387 shares of the company's stock after selling 5,439 shares during the period. Perkins Coie Trust Co's holdings in Mondelez International were worth $1,994,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Truvestments Capital LLC bought a new stake in shares of Mondelez International during the 3rd quarter worth $25,000. Prospera Private Wealth LLC bought a new stake in Mondelez International during the third quarter valued at about $27,000. Richardson Financial Services Inc. grew its position in shares of Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company's stock valued at $28,000 after purchasing an additional 200 shares during the last quarter. Highline Wealth Partners LLC bought a new position in shares of Mondelez International in the third quarter worth about $38,000. Finally, Hara Capital LLC acquired a new position in shares of Mondelez International during the 3rd quarter worth about $45,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on MDLZ. Deutsche Bank Aktiengesellschaft downgraded shares of Mondelez International from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $78.00 to $67.00 in a research note on Thursday, December 12th. Evercore ISI lifted their price objective on Mondelez International from $79.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, September 26th. Citigroup reduced their target price on Mondelez International from $78.00 to $71.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. UBS Group dropped their price target on Mondelez International from $76.00 to $63.00 and set a "neutral" rating for the company in a report on Thursday. Finally, The Goldman Sachs Group reduced their price objective on Mondelez International from $79.00 to $68.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $74.93.

Mondelez International Trading Down 0.2 %

Shares of MDLZ traded down $0.14 on Friday, reaching $57.86. 12,663,200 shares of the company's stock were exchanged, compared to its average volume of 8,683,674. The business has a 50 day moving average price of $61.59 and a two-hundred day moving average price of $67.25. Mondelez International, Inc. has a 12 month low of $55.97 and a 12 month high of $77.20. The stock has a market capitalization of $77.37 billion, a P/E ratio of 20.52, a price-to-earnings-growth ratio of 2.99 and a beta of 0.54. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.85 by $0.14. The company had revenue of $9.20 billion during the quarter, compared to analysts' expectations of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 EPS. Research analysts anticipate that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.25%. Mondelez International's dividend payout ratio is 66.67%.

Mondelez International declared that its Board of Directors has authorized a share buyback program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 10.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management 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.