World Investment Advisors Has $4.54 Million Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

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

Several other large investors also recently modified their holdings of the business. ICICI Prudential Asset Management Co Ltd increased its holdings in Mondelez International by 430.0% during the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company's stock worth $5,520,000 after purchasing an additional 74,975 shares during the last quarter. Czech National Bank increased its stake in shares of Mondelez International by 6.5% in the fourth quarter. Czech National Bank now owns 289,931 shares of the company's stock worth $17,318,000 after buying an additional 17,815 shares during the last quarter. Buckingham Capital Management Inc. raised its holdings in Mondelez International by 25.5% in the fourth quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company's stock valued at $5,578,000 after acquiring an additional 18,961 shares in the last quarter. Legacy Private Trust Co. boosted its stake in Mondelez International by 33.2% during the 4th quarter. Legacy Private Trust Co. now owns 3,841 shares of the company's stock valued at $229,000 after acquiring an additional 957 shares during the last quarter. Finally, Kennedy Investment Group bought a new stake in shares of Mondelez International in the 4th quarter worth about $313,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MDLZ. UBS Group reduced their price target on shares of Mondelez International from $76.00 to $63.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Argus downgraded Mondelez International from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Citigroup lowered their price target on Mondelez International from $78.00 to $71.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. Stifel Nicolaus lowered their target price on shares of Mondelez International from $82.00 to $70.00 and set a "buy" rating for the company in a research note on Friday, January 24th. Finally, Royal Bank of Canada dropped their price objective on shares of Mondelez International from $75.00 to $69.00 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Mondelez International has an average rating of "Moderate Buy" and an average price target of $70.45.

Mondelez International Price Performance

MDLZ traded up $2.13 during trading on Wednesday, reaching $66.19. The stock had a trading volume of 13,377,913 shares, compared to its average volume of 8,040,808. The stock has a 50 day moving average of $63.99 and a two-hundred day moving average of $64.28. 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 firm has a market capitalization of $85.62 billion, a price-to-earnings ratio of 19.35, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data 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%. As a group, equities analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

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 issued a $0.47 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.84%. Mondelez International's payout ratio is currently 54.97%.

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

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.