Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Fmr LLC

Fmr LLC decreased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 8.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,634,453 shares of the company’s stock after selling 1,621,204 shares during the period. Fmr LLC owned approximately 1.24% of Mondelez International worth $993,576,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in MDLZ. ICICI Prudential Asset Management Co Ltd increased its position in shares of Mondelez International by 430.0% in the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company’s stock valued at $5,520,000 after buying an additional 74,975 shares in the last quarter. Czech National Bank grew its stake in Mondelez International by 6.5% in the 4th quarter. Czech National Bank now owns 289,931 shares of the company’s stock valued at $17,318,000 after acquiring an additional 17,815 shares during the last quarter. Buckingham Capital Management Inc. raised its position in Mondelez International by 25.5% during the fourth quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company’s stock worth $5,578,000 after acquiring an additional 18,961 shares during the last quarter. Legacy Private Trust Co. lifted its holdings in shares of Mondelez International by 33.2% in the fourth quarter. Legacy Private Trust Co. now owns 3,841 shares of the company’s stock valued at $229,000 after purchasing an additional 957 shares in the last quarter. Finally, Kennedy Investment Group acquired a new stake in shares of Mondelez International in the fourth quarter valued at approximately $313,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Down 1.6 %

Shares of MDLZ stock opened at $65.23 on Tuesday. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The firm’s 50 day moving average price is $63.39 and its two-hundred day moving average price is $64.40. The stock has a market cap of $84.38 billion, a price-to-earnings ratio of 19.07, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share 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, analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International declared that its board has authorized a share buyback program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 10.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Mondelez International Announces Dividend

The business 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 dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.88%. Mondelez International’s payout ratio is currently 54.97%.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of several research reports. The Goldman Sachs Group cut their price objective on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Mizuho boosted their price target on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. Jefferies Financial Group lowered Mondelez International from a “buy” rating to a “hold” rating and decreased their price objective for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. DZ Bank cut Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective for the company. in a research report on Friday, February 7th. Finally, Piper Sandler upped their target price on shares of Mondelez International from $56.00 to $59.00 and gave the company a “neutral” rating in a report on Thursday, March 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and a consensus target price of $70.20.

About Mondelez International

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.