Mondelez International, Inc. (NASDAQ:MDLZ) Stock Position Lowered by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 8.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,996 shares of the company’s stock after selling 859 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Mondelez International were worth $537,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Mizuho Securities USA LLC raised its position in Mondelez International by 12,057.4% during 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 period. Ilex Capital Partners UK LLP purchased a new position in Mondelez International during the 3rd quarter valued at about $219,045,000. FMR LLC increased its holdings in shares of Mondelez International by 14.2% in the 3rd quarter. FMR LLC now owns 18,255,657 shares of the company’s stock valued at $1,344,894,000 after purchasing an additional 2,268,639 shares during the period. Holocene Advisors LP purchased a new stake in shares of Mondelez International in the third quarter worth approximately $159,823,000. Finally, National Bank of Canada FI boosted its holdings in shares of Mondelez International by 173.7% during the third quarter. National Bank of Canada FI now owns 3,049,440 shares of the company’s stock worth $224,652,000 after purchasing an additional 1,935,356 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Trading Down 0.4 %

NASDAQ:MDLZ opened at $57.60 on Wednesday. The company’s 50 day moving average is $61.43 and its 200-day moving average is $67.20. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 12 month low of $55.97 and a 12 month high of $77.20. The firm has a market cap of $77.02 billion, a price-to-earnings ratio of 20.43, a P/E/G ratio of 3.12 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. During the same quarter last year, the firm posted $0.82 EPS. The business’s quarterly revenue was up 1.9% on a year-over-year basis. Equities analysts anticipate that Mondelez International, Inc. will post 3.47 EPS for the current year.

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

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a dividend of $0.47 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 3.26%. Mondelez International’s payout ratio is 66.67%.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of several research reports. Redburn Atlantic started coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective on the stock. Stifel Nicolaus upped their price target on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Evercore ISI lifted their price objective on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Deutsche Bank Aktiengesellschaft lowered Mondelez International from a “buy” rating to a “hold” rating and dropped their target price for the stock from $78.00 to $67.00 in a research report on Thursday, December 12th. Finally, The Goldman Sachs Group cut their price target on Mondelez International from $79.00 to $68.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $74.13.

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.