Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC decreased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 15.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,063 shares of the company’s stock after selling 2,835 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Mondelez International were worth $900,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MDLZ. Leavell Investment Management Inc. lifted its holdings in shares of Mondelez International by 3.3% during the third quarter. Leavell Investment Management Inc. now owns 11,022 shares of the company’s stock valued at $817,000 after purchasing an additional 352 shares during the last quarter. CWA Asset Management Group LLC purchased a new stake in shares of Mondelez International during the third quarter valued at $423,000. United Bank lifted its holdings in shares of Mondelez International by 12.7% during the third 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. Verdence Capital Advisors LLC lifted its holdings in shares of Mondelez International by 1.1% during the third quarter. Verdence Capital Advisors LLC now owns 15,396 shares of the company’s stock valued at $1,134,000 after purchasing an additional 173 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in shares of Mondelez International by 6.5% during the third quarter. Assetmark Inc. now owns 96,741 shares of the company’s stock valued at $7,127,000 after purchasing an additional 5,892 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on MDLZ shares. Mizuho upped their price target on Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, February 14th. Argus lowered Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. UBS Group dropped their price target on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Wells Fargo & Company dropped their price target on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Finally, Royal Bank of Canada dropped their price target on Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and an average target price of $69.74.

Mondelez International Stock Performance

MDLZ opened at $67.74 on Monday. The company has a market cap of $87.62 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The stock has a 50-day moving average of $60.06 and a 200-day moving average of $65.52. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68.

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

Mondelez International announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to reacquire up to 10.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be paid a dividend of $0.47 per share. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 2.78%. Mondelez International’s payout ratio is 54.97%.

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.