Mondelez International, Inc. (NASDAQ:MDLZ) Position Lowered by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank decreased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 535,107 shares of the company’s stock after selling 8,874 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Mondelez International were worth $31,962,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Leavell Investment Management Inc. lifted its holdings in Mondelez International by 3.3% in the third quarter. Leavell Investment Management Inc. now owns 11,022 shares of the company’s stock worth $817,000 after acquiring an additional 352 shares during the last quarter. CWA Asset Management Group LLC bought a new position in Mondelez International in the third quarter worth about $423,000. United Bank lifted its holdings in Mondelez International by 12.7% in the third quarter. United Bank now owns 22,649 shares of the company’s stock worth $1,669,000 after acquiring an additional 2,549 shares during the last quarter. Verdence Capital Advisors LLC lifted its holdings in Mondelez International by 1.1% in the third quarter. Verdence Capital Advisors LLC now owns 15,396 shares of the company’s stock worth $1,134,000 after acquiring an additional 173 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in Mondelez International by 6.5% in the third quarter. Assetmark Inc. now owns 96,741 shares of the company’s stock worth $7,127,000 after acquiring an additional 5,892 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on MDLZ. UBS Group cut 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. DZ Bank cut shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 target price on the stock. in a report on Friday, February 7th. Wells Fargo & Company cut their price target on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. The Goldman Sachs Group cut their price target on Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Finally, Royal Bank of Canada cut their price target on Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and a consensus price target of $69.74.

Mondelez International Price Performance

NASDAQ MDLZ opened at $68.15 on Tuesday. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The firm has a market capitalization of $88.15 billion, a PE ratio of 19.93, a P/E/G ratio of 4.34 and a beta of 0.50. The company’s 50 day simple moving average is $60.23 and its 200 day simple moving average is $65.50.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 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%. As a group, equities research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

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

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s payout ratio is 54.97%.

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.