Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 8.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 37,499 shares of the company’s stock after selling 3,281 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Mondelez International were worth $2,240,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Truvestments Capital LLC acquired a new position in Mondelez International during the third quarter worth approximately $25,000. Marshall Investment Management LLC purchased a new position in shares of Mondelez International in the 4th quarter worth $26,000. Prospera Private Wealth LLC acquired a new position in Mondelez International in the third quarter valued at $27,000. Hager Investment Management Services LLC purchased a new stake in Mondelez International during the fourth quarter valued at about $27,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in Mondelez International during the fourth quarter worth about $31,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of several research analyst reports. Jefferies Financial Group lowered Mondelez International from a “buy” rating to a “hold” rating and reduced their price objective for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. Argus downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Stifel Nicolaus dropped their price objective on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a report on Wednesday, January 22nd. Finally, Barclays lowered their price target on Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and an average price target of $69.74.

Mondelez International Stock Performance

Shares of MDLZ opened at $67.74 on Friday. The firm has a market cap of $87.62 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 4.34 and a beta of 0.50. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The business’s 50 day moving average is $60.06 and its two-hundred day moving average is $65.60. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. 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 authorized a stock buyback plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to repurchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.78%. 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.