Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P trimmed its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 16.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,439 shares of the company’s stock after selling 290 shares during the period. Loomis Sayles & Co. L P’s holdings in Mondelez International were worth $86,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of MDLZ. Vanguard Group Inc. raised its position in shares of Mondelez International by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company’s stock worth $7,910,477,000 after acquiring an additional 931,776 shares during the period. State Street Corp increased its stake in shares of Mondelez International by 3.2% in the 3rd quarter. State Street Corp now owns 60,151,987 shares of the company’s stock valued at $4,459,239,000 after purchasing an additional 1,851,247 shares in the last quarter. Geode Capital Management LLC raised its holdings in Mondelez International by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 28,204,955 shares of the company’s stock worth $2,069,906,000 after purchasing an additional 341,203 shares during the period. Bank of New York Mellon Corp boosted its position in Mondelez International by 3.3% during the fourth quarter. Bank of New York Mellon Corp now owns 10,354,236 shares of the company’s stock worth $618,458,000 after purchasing an additional 326,177 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Mondelez International by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,944,294 shares of the company’s stock valued at $474,513,000 after purchasing an additional 267,100 shares during the period. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Up 0.3 %

Shares of NASDAQ:MDLZ opened at $67.72 on Monday. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The stock has a market cap of $87.60 billion, a P/E ratio of 19.80, a PEG ratio of 4.34 and a beta of 0.50. The business has a fifty day moving average of $62.25 and a two-hundred day moving average of $64.75. 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 data 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, research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s payout ratio is presently 54.97%.

Mondelez International declared that its Board of Directors has authorized 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 repurchase up to 10.7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MDLZ. The Goldman Sachs Group reduced their target price 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. Citigroup reduced their price objective on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Wells Fargo & Company dropped their target price on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. UBS Group reduced their price target on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft lowered 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. One investment 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 MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.50.

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.