Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Lederer & Associates Investment Counsel CA

Lederer & Associates Investment Counsel CA trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,956 shares of the company’s stock after selling 192 shares during the quarter. Lederer & Associates Investment Counsel CA’s holdings in Mondelez International were worth $774,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Redburn Atlantic initiated coverage on Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective for the company. Deutsche Bank Aktiengesellschaft decreased their price target on Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a report on Wednesday, January 22nd. Bank of America increased their price target on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. The Goldman Sachs Group decreased their price target on Mondelez International from $79.00 to $68.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 price target on shares of Mondelez International in a report on Thursday. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and a consensus price target of $72.76.

Mondelez International Trading Down 0.7 %

Shares of MDLZ stock opened at $57.99 on Monday. Mondelez International, Inc. has a fifty-two week low of $55.97 and a fifty-two week high of $77.20. The stock has a market cap of $77.54 billion, a P/E ratio of 20.56, a P/E/G ratio of 3.12 and a beta of 0.54. The business has a fifty day simple moving average of $60.09 and a 200-day simple moving average of $66.67. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59.

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

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s dividend payout ratio is currently 66.67%.

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.