Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Picton Mahoney Asset Management

Picton Mahoney Asset Management reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 25.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,887 shares of the company’s stock after selling 24,367 shares during the period. Picton Mahoney Asset Management’s holdings in Mondelez International were worth $4,293,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Mizuho Securities USA LLC increased its holdings in Mondelez International by 12,057.4% in the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock valued at $926,327,000 after buying an additional 12,470,573 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Mondelez International in the fourth quarter valued at $256,832,000. Van ECK Associates Corp increased its holdings in Mondelez International by 2,560.0% in the fourth quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company’s stock valued at $203,749,000 after buying an additional 3,282,937 shares during the last quarter. Ilex Capital Partners UK LLP purchased a new position in Mondelez International in the third quarter valued at $219,045,000. Finally, FMR LLC increased its holdings in Mondelez International by 14.2% in the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock valued at $1,344,894,000 after buying an additional 2,268,639 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Price Performance

MDLZ stock opened at $64.31 on Friday. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The stock’s 50 day moving average price is $60.69 and its 200 day moving average price is $65.38. The firm has a market cap of $83.19 billion, a P/E ratio of 18.80, a PEG ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ) last posted 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 net margin of 12.68% and a return on equity of 16.75%. On average, sell-side analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 2.92%. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

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

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a report on Wednesday, January 22nd. Piper Sandler lowered Mondelez International from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $70.00 to $63.00 in a report on Friday, January 31st. The Goldman Sachs Group dropped their price objective on Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Wells Fargo & Company lowered their price target on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Finally, Citigroup lowered their price target on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $69.74.

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.