Mondelez International, Inc. (NASDAQ:MDLZ) Stock Holdings Decreased by Northeast Investment Management

Northeast Investment Management decreased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 55,859 shares of the company’s stock after selling 3,678 shares during the quarter. Northeast Investment Management’s holdings in Mondelez International were worth $3,336,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Czech National Bank grew its position in shares of Mondelez International by 6.5% in the 4th quarter. Czech National Bank now owns 289,931 shares of the company’s stock worth $17,318,000 after acquiring an additional 17,815 shares in the last quarter. Legacy Private Trust Co. boosted its holdings in Mondelez International by 33.2% in the fourth quarter. Legacy Private Trust Co. now owns 3,841 shares of the company’s stock worth $229,000 after purchasing an additional 957 shares during the period. Kennedy Investment Group bought a new stake in Mondelez International during the fourth quarter valued at $313,000. Benjamin Edwards Inc. raised its holdings in shares of Mondelez International by 1,904.9% during the third quarter. Benjamin Edwards Inc. now owns 425,805 shares of the company’s stock worth $31,369,000 after purchasing an additional 404,567 shares during the period. Finally, Kingsview Wealth Management LLC lifted its position in shares of Mondelez International by 14.3% in the 3rd quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company’s stock worth $8,430,000 after buying an additional 14,278 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on MDLZ shares. Redburn Atlantic started coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective on the stock. Citigroup cut their price target on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Bank of America increased their target price on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a report on Wednesday, January 22nd. Finally, UBS Group dropped their price objective 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $69.72.

Mondelez International Stock Performance

Shares of MDLZ opened at $58.45 on Friday. The company has a 50-day moving average of $59.34 and a two-hundred day moving average of $66.35. The stock has a market cap of $78.16 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 4.04 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.42. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06.

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

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were paid a $0.47 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 3.22%. Mondelez International’s dividend payout ratio is presently 54.97%.

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

Mondelez International 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.