Dakota Wealth Management Has $2.20 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Dakota Wealth Management trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 26.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 36,725 shares of the company’s stock after selling 13,502 shares during the period. Dakota Wealth Management’s holdings in Mondelez International were worth $2,203,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of MDLZ. Mizuho Securities USA LLC raised its stake in Mondelez International by 12,057.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock valued at $926,327,000 after purchasing an additional 12,470,573 shares during the last quarter. Ilex Capital Partners UK LLP acquired a new position in Mondelez International during the 3rd quarter valued at $219,045,000. FMR LLC raised its stake in Mondelez International by 14.2% during the 3rd quarter. FMR LLC now owns 18,255,657 shares of the company’s stock valued at $1,344,894,000 after purchasing an additional 2,268,639 shares during the last quarter. Holocene Advisors LP acquired a new position in Mondelez International during the 3rd quarter valued at $159,823,000. Finally, National Bank of Canada FI raised its stake in Mondelez International by 173.7% during the 3rd quarter. National Bank of Canada FI now owns 3,049,440 shares of the company’s stock valued at $224,652,000 after purchasing an additional 1,935,356 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and cut their target price for the company from $75.00 to $62.00 in a research note on Tuesday. Citigroup dropped 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 note on Wednesday, January 8th. Stifel Nicolaus increased their price objective on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research note on Wednesday. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $61.00 price objective (down previously from $74.00) on shares of Mondelez International in a research note on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and an average price target of $73.81.

Mondelez International Stock Up 1.2 %

Shares of NASDAQ:MDLZ opened at $56.96 on Friday. Mondelez International, Inc. has a 12 month low of $55.97 and a 12 month high of $77.20. The company’s 50-day moving average price is $61.05 and its two-hundred day moving average price is $67.06. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The firm has a market cap of $76.17 billion, a P/E ratio of 20.20, a P/E/G ratio of 3.12 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. The company’s revenue was up 1.9% on a year-over-year basis. As a group, research analysts forecast that Mondelez International, Inc. will post 3.46 EPS for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.

Mondelez International declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase plans are often a sign 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.