Mondelez International, Inc. (NASDAQ:MDLZ) Position Reduced by Pitcairn Co.

Pitcairn Co. trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 8.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,424 shares of the company's stock after selling 3,954 shares during the period. Pitcairn Co.'s holdings in Mondelez International were worth $2,713,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MDLZ. United Bank boosted its position in shares of Mondelez International by 12.7% in the third quarter. United Bank now owns 22,649 shares of the company's stock worth $1,669,000 after buying an additional 2,549 shares during the period. Cinctive Capital Management LP acquired a new stake in Mondelez International in the third quarter valued at approximately $1,219,000. HighTower Advisors LLC raised its stake in shares of Mondelez International by 0.7% during the third quarter. HighTower Advisors LLC now owns 1,354,879 shares of the company's stock valued at $99,822,000 after purchasing an additional 9,789 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Mondelez International by 0.3% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 221,580 shares of the company's stock worth $16,324,000 after purchasing an additional 700 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of Mondelez International by 6.4% in the third quarter. Janus Henderson Group PLC now owns 211,427 shares of the company's stock valued at $15,575,000 after purchasing an additional 12,697 shares during the period. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

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Mondelez International Stock Performance

NASDAQ:MDLZ traded down $1.59 during mid-day trading on Friday, hitting $66.31. The stock had a trading volume of 13,786,976 shares, compared to its average volume of 7,973,730. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The company has a 50 day simple moving average of $63.25 and a 200-day simple moving average of $64.54. The stock has a market capitalization of $85.77 billion, a price-to-earnings ratio of 19.39, a P/E/G ratio of 4.34 and a beta of 0.47. 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 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%. On average, research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

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

Mondelez International announced that its board has approved a share repurchase program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 10.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on MDLZ shares. Citigroup cut their price objective on shares of Mondelez International from $78.00 to $71.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Argus cut Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Stifel Nicolaus dropped 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. Royal Bank of Canada reduced their target price on Mondelez International from $75.00 to $69.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. Finally, Morgan Stanley initiated coverage on shares of Mondelez International in a research note on Monday, March 24th. They issued an "overweight" rating and a $69.00 price target for the company. One investment 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. According to data from MarketBeat, Mondelez International has a consensus rating of "Moderate Buy" and an average target price of $70.20.

Mondelez International 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.