Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Tobam

Tobam decreased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 69.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,481 shares of the company’s stock after selling 3,313 shares during the quarter. Tobam’s holdings in Mondelez International were worth $88,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Mondelez International by 7.2% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 180,279 shares of the company’s stock worth $10,768,000 after buying an additional 12,184 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Mondelez International by 0.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,465,809 shares of the company’s stock valued at $207,013,000 after acquiring an additional 20,085 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of Mondelez International in the fourth quarter worth approximately $1,682,000. Leo Wealth LLC increased its position in shares of Mondelez International by 14.3% during the fourth quarter. Leo Wealth LLC now owns 9,548 shares of the company’s stock worth $570,000 after purchasing an additional 1,195 shares in the last quarter. Finally, Telos Capital Management Inc. raised its stake in Mondelez International by 8.8% in the 4th quarter. Telos Capital Management Inc. now owns 4,516 shares of the company’s stock valued at $270,000 after purchasing an additional 365 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Up 1.1 %

Shares of NASDAQ:MDLZ opened at $58.45 on Friday. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The company’s 50 day moving average is $59.47 and its two-hundred day moving average is $66.41. The company has a market cap of $78.16 billion, a PE ratio of 20.73, a P/E/G ratio of 3.12 and a beta of 0.54. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. Equities analysts predict that Mondelez International, Inc. will post 3.44 earnings per share for the current fiscal year.

Mondelez International declared that its Board of Directors has initiated a share buyback plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to repurchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Wednesday, January 22nd. Redburn Atlantic initiated coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective for the company. DZ Bank lowered shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 target price on the stock. in a research note on Friday. Wells Fargo & Company dropped their price target on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, The Goldman Sachs Group reduced their price objective on Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.72.

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.