New York Life Investment Management LLC Trims Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

New York Life Investment Management LLC lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 199,040 shares of the company’s stock after selling 645 shares during the period. New York Life Investment Management LLC’s holdings in Mondelez International were worth $11,889,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Lineweaver Wealth Advisors LLC lifted its holdings in shares of Mondelez International by 15.0% in the 4th quarter. Lineweaver Wealth Advisors LLC now owns 29,804 shares of the company’s stock worth $1,781,000 after buying an additional 3,886 shares during the period. Heritage Investors Management Corp raised its holdings in shares of Mondelez International by 4.7% in the fourth quarter. Heritage Investors Management Corp now owns 142,757 shares of the company’s stock worth $8,527,000 after buying an additional 6,442 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of Mondelez International during the fourth quarter worth $92,000. Oregon Public Employees Retirement Fund lifted its stake in shares of Mondelez International by 0.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 114,606 shares of the company’s stock worth $6,845,000 after buying an additional 340 shares during the period. Finally, Pointe Capital Management LLC grew its holdings in shares of Mondelez International by 1.5% during the fourth quarter. Pointe Capital Management LLC now owns 13,090 shares of the company’s stock valued at $782,000 after buying an additional 199 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $63.98 on Friday. The stock has a fifty day simple moving average of $59.31 and a 200-day simple moving average of $65.78. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The stock has a market cap of $82.76 billion, a PE ratio of 18.71, a P/E/G ratio of 4.34 and a beta of 0.54. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results 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%. Equities analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is 54.97%.

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Barclays reduced their target price on Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft reduced their price objective on Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research note on Wednesday, January 22nd. Stifel Nicolaus dropped their target price on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Mizuho increased their price target on shares of Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. Finally, Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and decreased their price objective for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. One investment 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, the company has a consensus rating of “Moderate Buy” and a consensus target price of $69.74.

About Mondelez International

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.