TIAA Trust National Association trimmed its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 9.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 85,464 shares of the company's stock after selling 8,940 shares during the period. TIAA Trust National Association's holdings in Mondelez International were worth $5,105,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Truvestments Capital LLC acquired a new stake in Mondelez International during the 3rd quarter worth $25,000. Marshall Investment Management LLC acquired a new position in Mondelez International in the fourth quarter valued at about $26,000. Hager Investment Management Services LLC acquired a new position in Mondelez International in the fourth quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC bought a new position in Mondelez International during the fourth quarter worth about $31,000. Finally, McClarren Financial Advisors Inc. acquired a new position in shares of Mondelez International during the 4th quarter worth about $32,000. Institutional investors and hedge funds own 78.32% of the company's stock.
Mondelez International Stock Performance
MDLZ stock traded up $0.22 during midday trading on Friday, reaching $67.72. 11,564,303 shares of the company were exchanged, compared to its average volume of 7,922,538. The firm has a market capitalization of $87.60 billion, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The business has a 50-day moving average price of $62.25 and a two-hundred day moving average price of $64.81. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48.
Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings results 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%. Equities research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.
Mondelez International Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors 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 yield of 2.78%. The ex-dividend date is Monday, March 31st. Mondelez International's dividend payout ratio is 54.97%.
Mondelez International announced that its board has authorized a share repurchase plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to purchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management believes its shares are undervalued.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on MDLZ. Royal Bank of Canada decreased their price objective 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. Dbs Bank lowered shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, February 7th. Jefferies Financial Group downgraded Mondelez International from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $75.00 to $62.00 in a research note on Tuesday, January 21st. 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 note on Thursday, January 16th. Finally, Mizuho raised their price target on Mondelez International from $64.00 to $70.00 and gave the stock an "outperform" rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $69.50.
Check Out Our Latest Research Report on Mondelez International
About Mondelez International
(
Free Report)
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.
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