S.A. Mason LLC Sells 218 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

S.A. Mason LLC reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,056 shares of the company’s stock after selling 218 shares during the quarter. S.A. Mason LLC’s holdings in Mondelez International were worth $421,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Mizuho Securities USA LLC lifted its stake in Mondelez International by 12,057.4% during the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock worth $926,327,000 after purchasing an additional 12,470,573 shares during the period. Ilex Capital Partners UK LLP acquired a new position in shares of Mondelez International in the 3rd quarter worth approximately $219,045,000. FMR LLC lifted its position in shares of Mondelez International by 14.2% during the 3rd quarter. FMR LLC now owns 18,255,657 shares of the company’s stock worth $1,344,894,000 after buying an additional 2,268,639 shares during the period. Holocene Advisors LP acquired a new position in Mondelez International during the third quarter worth $159,823,000. Finally, National Bank of Canada FI lifted its holdings in shares of Mondelez International by 173.7% during 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. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $57.99 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. Mondelez International, Inc. has a 52 week low of $55.97 and a 52 week high of $77.20. The company’s 50 day moving average price is $60.09 and its two-hundred day moving average price is $66.67. The company has a market capitalization of $77.54 billion, a P/E ratio of 20.56, a price-to-earnings-growth ratio of 3.12 and a beta of 0.54.

Mondelez International announced that its Board of Directors has initiated a share buyback plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Mondelez International Announces Dividend

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

Analysts Set New Price Targets

MDLZ has been the subject of a number of recent analyst reports. Redburn Atlantic started coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 target price for the company. UBS Group reduced their target price on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Citigroup dropped their price target on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Stifel Nicolaus cut their price target on Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Wednesday, January 22nd. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and a consensus price target of $72.76.

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.