Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 10.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,061,668 shares of the company’s stock after selling 239,888 shares during the period. Corient Private Wealth LLC owned approximately 0.15% of Mondelez International worth $122,871,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of MDLZ. United Bank lifted its stake in shares of Mondelez International by 12.7% in the 3rd quarter. United Bank now owns 22,649 shares of the company’s stock valued at $1,669,000 after purchasing an additional 2,549 shares during the last quarter. Versor Investments LP purchased a new stake in shares of Mondelez International in the 3rd quarter valued at $243,000. Oppenheimer & Co. Inc. raised its holdings in shares of Mondelez International by 8.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 43,897 shares of the company’s stock valued at $3,234,000 after buying an additional 3,373 shares during the period. Kovack Advisors Inc. purchased a new stake in shares of Mondelez International in the 3rd quarter valued at $312,000. Finally, Curi RMB Capital LLC raised its holdings in shares of Mondelez International by 17.8% in the 3rd quarter. Curi RMB Capital LLC now owns 12,393 shares of the company’s stock valued at $913,000 after buying an additional 1,873 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Down 0.6 %

Shares of NASDAQ MDLZ opened at $64.31 on Friday. The stock has a market cap of $83.19 billion, a PE ratio of 18.80, a price-to-earnings-growth 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. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The business has a 50-day moving average price of $60.69 and a 200 day moving average price of $65.38.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (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 research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International announced that its board has authorized a share repurchase program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to purchase up to 10.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be given a $0.47 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.92%. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on MDLZ shares. Jefferies Financial Group downgraded Mondelez International from a “buy” rating to a “hold” rating and cut their price objective for the company from $75.00 to $62.00 in a report on Tuesday, January 21st. Royal Bank of Canada cut their price objective on Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Mizuho boosted their price objective on Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, February 14th. Dbs Bank downgraded Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. Finally, DZ Bank downgraded Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target on the stock. in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and a consensus price target 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.