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

Ballentine Partners LLC lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 19.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,087 shares of the company’s stock after selling 3,597 shares during the period. Ballentine Partners LLC’s holdings in Mondelez International were worth $901,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MDLZ. Mizuho Securities USA LLC raised its stake in shares of Mondelez International by 12,057.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock worth $926,327,000 after buying an additional 12,470,573 shares during the last quarter. Ilex Capital Partners UK LLP acquired a new position in Mondelez International during the third quarter worth about $219,045,000. FMR LLC lifted its holdings in shares of 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 purchasing an additional 2,268,639 shares in the last quarter. Holocene Advisors LP purchased a new stake in shares of Mondelez International in the third quarter valued at about $159,823,000. Finally, National Bank of Canada FI grew its position in shares of Mondelez International by 173.7% in the third quarter. National Bank of Canada FI now owns 3,049,440 shares of the company’s stock valued at $224,652,000 after purchasing an additional 1,935,356 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Down 2.2 %

MDLZ stock opened at $56.31 on Thursday. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The company has a market cap of $75.30 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 3.12 and a beta of 0.54. The business has a fifty day simple moving average of $61.25 and a 200-day simple moving average of $67.13. Mondelez International, Inc. has a 52 week low of $55.97 and a 52 week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly 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. The company had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The firm’s revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.82 earnings per share. On average, equities research analysts expect that Mondelez International, Inc. will post 3.47 EPS for the current year.

Mondelez International announced that its board has initiated a stock repurchase program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to reacquire up to 10.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were issued a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 3.34%. Mondelez International’s payout ratio is 66.67%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on MDLZ shares. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $61.00 target price (down previously from $74.00) on shares of Mondelez International in a research note on Tuesday, January 7th. Bank of America upped their price objective on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Evercore ISI lifted their price objective on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. UBS Group reduced their target price on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, Redburn Atlantic initiated coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $73.81.

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.