Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. reduced its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 6.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 292,235 shares of the company’s stock after selling 21,495 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Mondelez International were worth $17,455,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of MDLZ. R Squared Ltd purchased a new stake in shares of Mondelez International during the 4th quarter worth $386,000. Signature Wealth Management Partners LLC grew its position in Mondelez International by 12.9% during the fourth quarter. Signature Wealth Management Partners LLC now owns 10,995 shares of the company’s stock worth $657,000 after buying an additional 1,252 shares during the period. Mayflower Financial Advisors LLC grew its position in Mondelez International by 1.5% during the fourth quarter. Mayflower Financial Advisors LLC now owns 14,584 shares of the company’s stock worth $871,000 after buying an additional 221 shares during the period. Kennedy Investment Group purchased a new position in Mondelez International in the fourth quarter valued at about $313,000. Finally, BSW Wealth Partners acquired a new stake in shares of Mondelez International during the 4th quarter valued at approximately $249,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group lowered their price target on Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Royal Bank of Canada restated an “outperform” rating and issued a $75.00 price target on shares of Mondelez International in a research report on Thursday. Bank of America lifted their price target on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Citigroup lowered their price objective on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $61.00 target price (down previously from $74.00) on shares of Mondelez International in a research report on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.76.

Mondelez International Stock Down 0.7 %

Shares of NASDAQ:MDLZ opened at $57.99 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The firm has a market cap of $77.54 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 3.05 and a beta of 0.54. The stock’s 50-day moving average price is $60.22 and its two-hundred day moving average price is $66.71. Mondelez International, Inc. has a 12-month low of $55.97 and a 12-month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. The firm had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. Mondelez International’s revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.82 earnings per share. On average, research analysts forecast that Mondelez International, Inc. will post 3.44 EPS for the current year.

Mondelez International Announces Dividend

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

Mondelez International declared that its board has approved a share repurchase program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 10.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is 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.