Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by World Investment Advisors

World Investment Advisors lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 5.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 76,056 shares of the company's stock after selling 4,653 shares during the quarter. World Investment Advisors' holdings in Mondelez International were worth $4,543,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in Mondelez International by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company's stock worth $7,910,477,000 after buying an additional 931,776 shares during the period. State Street Corp grew its stake in Mondelez International by 3.2% in the 3rd quarter. State Street Corp now owns 60,151,987 shares of the company's stock worth $4,459,239,000 after acquiring an additional 1,851,247 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Mondelez International by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company's stock worth $1,721,954,000 after acquiring an additional 708,523 shares during the period. Norges Bank bought a new stake in shares of Mondelez International during the fourth quarter valued at approximately $1,118,755,000. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Mondelez International by 1.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 17,423,363 shares of the company's stock valued at $1,040,697,000 after purchasing an additional 208,181 shares during the period. Hedge funds and other institutional investors own 78.32% of the company's stock.

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Mondelez International Stock Performance

Shares of NASDAQ:MDLZ traded down $1.59 on Friday, reaching $66.31. The company's stock had a trading volume of 13,786,976 shares, compared to its average volume of 7,973,730. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The stock has a market capitalization of $85.77 billion, a P/E ratio of 19.39, a PEG ratio of 4.34 and a beta of 0.47. The stock's 50-day moving average is $63.25 and its two-hundred day moving average is $64.47. 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 announced its quarterly 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 net margin of 12.68% and a return on equity of 16.75%. As a group, sell-side analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International declared that its Board of Directors has initiated a stock buyback program on Wednesday, December 11th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 10.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

Mondelez International Dividend Announcement

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

Wall Street Analyst Weigh In

MDLZ has been the topic of several research reports. Citigroup decreased their target price 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. Mizuho lifted their price objective on Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a report on Friday, February 14th. Wells Fargo & Company increased their target price on shares of Mondelez International from $64.00 to $68.00 and gave the stock an "equal weight" rating in a report on Wednesday. Morgan Stanley began coverage on shares of Mondelez International in a report on Monday, March 24th. They issued an "overweight" rating and a $69.00 price target for the company. Finally, Barclays dropped their price objective on shares of Mondelez International from $69.00 to $63.00 and set an "overweight" rating on the stock in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Mondelez International currently has an average rating of "Moderate Buy" and an average price target 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.