Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by TIAA Trust National Association

TIAA Trust National Association decreased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 9.5% during the fourth quarter, HoldingsChannel reports. The firm owned 85,464 shares of the company’s stock after selling 8,940 shares during the quarter. TIAA Trust National Association’s holdings in Mondelez International were worth $5,105,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in MDLZ. Truvestments Capital LLC purchased a new position in Mondelez International in the 3rd quarter worth $25,000. Marshall Investment Management LLC acquired a new position in shares of Mondelez International in the fourth quarter valued at about $26,000. Hager Investment Management Services LLC acquired a new stake in shares of Mondelez International during the fourth quarter worth about $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Mondelez International in the fourth quarter valued at approximately $31,000. Finally, McClarren Financial Advisors Inc. acquired a new position in Mondelez International in the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MDLZ. Jefferies Financial Group cut shares of 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. Morgan Stanley initiated coverage on shares of Mondelez International in a report on Monday. They issued an “overweight” rating and a $69.00 price target on the stock. The Goldman Sachs Group reduced their price objective on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Wells Fargo & Company lowered their target price on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Finally, Dbs Bank cut Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. 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 stock. Based on data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.70.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $66.33 on Thursday. The stock has a 50 day moving average of $61.87 and a two-hundred day moving average of $64.92. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The firm has a market cap of $85.80 billion, a P/E ratio of 19.39, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing the consensus estimate 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 expect that Mondelez International, Inc. will post 2.9 earnings per share 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. Stockholders of record on Monday, March 31st will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is 54.97%.

Mondelez International announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to buy up to 10.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

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.