Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by TCV Trust & Wealth Management Inc.

TCV Trust & Wealth Management Inc. reduced its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,819 shares of the company’s stock after selling 747 shares during the quarter. TCV Trust & Wealth Management Inc.’s holdings in Mondelez International were worth $1,960,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Leavell Investment Management Inc. increased its stake in shares of Mondelez International by 5.3% during the 4th quarter. Leavell Investment Management Inc. now owns 11,602 shares of the company’s stock worth $698,000 after purchasing an additional 580 shares in the last quarter. Portfolio Design Labs LLC increased its position in Mondelez International by 79.9% during the fourth quarter. Portfolio Design Labs LLC now owns 35,042 shares of the company’s stock worth $2,093,000 after buying an additional 15,563 shares in the last quarter. Quent Capital LLC increased its position in Mondelez International by 26.9% during the fourth quarter. Quent Capital LLC now owns 3,867 shares of the company’s stock worth $231,000 after buying an additional 820 shares in the last quarter. Community Bank & Trust Waco Texas raised its holdings in shares of Mondelez International by 6.5% in the fourth quarter. Community Bank & Trust Waco Texas now owns 39,904 shares of the company’s stock worth $2,383,000 after acquiring an additional 2,431 shares during the last quarter. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of Mondelez International in the fourth quarter valued at $67,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on MDLZ shares. Citigroup cut their target price on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. The Goldman Sachs Group cut their price objective on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Jefferies Financial Group downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and reduced their price objective for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. DZ Bank cut shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 target price for the company. in a research note on Friday, February 7th. Finally, Bank of America increased 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and an average price target of $69.72.

Mondelez International Trading Up 3.3 %

NASDAQ MDLZ opened at $60.45 on Wednesday. The firm has a market capitalization of $80.83 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 4.04 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.42 and a current ratio of 0.68. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The company’s 50 day moving average price is $59.20 and its 200 day moving average price is $66.30.

Mondelez International (NASDAQ:MDLZ) last posted 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%. On average, sell-side analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.11%. Mondelez International’s dividend payout ratio (DPR) is currently 54.97%.

Mondelez International declared that its board has authorized a share repurchase plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to purchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

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.