Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 75.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,589 shares of the company’s stock after selling 158,947 shares during the period. Los Angeles Capital Management LLC’s holdings in Mondelez International were worth $3,022,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Truvestments Capital LLC acquired a new stake in Mondelez International in the third quarter valued at $25,000. Prospera Private Wealth LLC purchased a new position in shares of Mondelez International in the 3rd quarter valued at about $27,000. Marshall Investment Management LLC acquired a new stake in shares of Mondelez International during the 4th quarter worth about $26,000. Hager Investment Management Services LLC purchased a new stake in Mondelez International during the fourth quarter worth approximately $27,000. Finally, Highline Wealth Partners LLC acquired a new position in Mondelez International in the third quarter valued at approximately $38,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Trading Up 0.8 %

Shares of Mondelez International stock opened at $63.98 on Friday. The firm has a market cap of $82.76 billion, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 4.34 and a beta of 0.54. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The company’s 50-day simple moving average is $59.31 and its 200-day simple moving average is $65.78. 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 issued its earnings results 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 return on equity of 16.75% and a net margin of 12.68%. As a group, equities research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International declared that its Board of Directors has initiated a share buyback plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 10.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a dividend of $0.47 per share. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.94%. Mondelez International’s payout ratio is currently 54.97%.

Analyst Ratings Changes

MDLZ has been the topic of a number of research analyst reports. Royal Bank of Canada cut their price objective on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Dbs Bank lowered shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. UBS Group decreased their price objective on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Wells Fargo & Company cut their target price on 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. Finally, Jefferies Financial Group cut Mondelez International from a “buy” rating to a “hold” rating and decreased their target price for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $69.74.

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.