Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA decreased its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 572,825 shares of the company's stock after selling 15,282 shares during the quarter. Pictet Asset Management Holding SA's holdings in Mondelez International were worth $34,215,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in MDLZ. Continuum Advisory LLC increased its holdings in shares of Mondelez International by 7.4% in the 3rd quarter. Continuum Advisory LLC now owns 2,542 shares of the company's stock valued at $187,000 after acquiring an additional 175 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in Mondelez International by 1.8% in the fourth quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company's stock valued at $627,000 after purchasing an additional 181 shares in the last quarter. Traphagen Investment Advisors LLC increased its stake in Mondelez International by 0.8% in the fourth quarter. Traphagen Investment Advisors LLC now owns 23,619 shares of the company's stock valued at $1,411,000 after purchasing an additional 187 shares during the last quarter. Core Alternative Capital increased its stake in Mondelez International by 1.7% in the fourth 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 raised its holdings in Mondelez International by 1.0% during the fourth quarter. Waldron Private Wealth LLC now owns 19,496 shares of the company's stock worth $1,164,000 after purchasing an additional 191 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

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Mondelez International Stock Performance

NASDAQ MDLZ traded down $1.52 during trading hours on Wednesday, hitting $66.13. 11,352,070 shares of the stock were exchanged, compared to its average volume of 7,957,785. 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 company has a market cap of $85.54 billion, a price-to-earnings ratio of 19.34, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The stock has a 50-day moving average of $62.65 and a 200 day moving average of $64.65.

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 return on equity of 16.75% and a net margin of 12.68%. As a group, equities research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International declared that its Board of Directors has initiated a share buyback plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 10.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date is Monday, March 31st. Mondelez International's dividend payout ratio (DPR) is currently 54.97%.

Analysts Set New Price Targets

MDLZ has been the subject of several research analyst reports. Dbs Bank cut shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, February 7th. Argus lowered Mondelez International from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Citigroup cut their target price on Mondelez International from $78.00 to $71.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. UBS Group decreased their target price on Mondelez International from $76.00 to $63.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Finally, DZ Bank lowered Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price target on the stock. in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $70.20.

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.