Groupama Asset Managment Decreases Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Groupama Asset Managment cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 94.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,103 shares of the company’s stock after selling 990,665 shares during the quarter. Groupama Asset Managment’s holdings in Mondelez International were worth $3,342,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. United Bank increased its holdings in Mondelez International by 12.7% in the 3rd quarter. United Bank now owns 22,649 shares of the company’s stock worth $1,669,000 after buying an additional 2,549 shares in the last quarter. Erste Asset Management GmbH purchased a new stake in shares of Mondelez International during the 3rd quarter valued at about $2,337,000. Kestra Investment Management LLC bought a new stake in shares of Mondelez International in the third quarter worth approximately $225,000. Beacon Investment Advisory Services Inc. raised its holdings in shares of Mondelez International by 11.7% during the third quarter. Beacon Investment Advisory Services Inc. now owns 5,718 shares of the company’s stock valued at $421,000 after purchasing an additional 600 shares during the last quarter. Finally, Cinctive Capital Management LP bought a new position in Mondelez International during the third quarter valued at approximately $1,219,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on MDLZ shares. Dbs Bank downgraded shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. DZ Bank lowered Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective for the company. in a report on Friday, February 7th. Jefferies Financial Group downgraded Mondelez International from a “buy” rating to a “hold” rating and lowered their target price for the company from $75.00 to $62.00 in a report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research report on Wednesday, January 22nd. Finally, Royal Bank of Canada dropped their price objective on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $69.50.

Mondelez International Trading Down 0.3 %

MDLZ stock opened at $67.65 on Wednesday. The company has a market capitalization of $87.51 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 4.34 and a beta of 0.50. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The business has a 50 day simple moving average of $62.65 and a two-hundred day simple moving average of $64.65.

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%. Research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

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

Mondelez International announced that its board has initiated a share buyback program 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 programs are often an indication that the company’s board of directors believes its stock is undervalued.

Mondelez International Company 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.