Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 11.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,818 shares of the company’s stock after selling 508 shares during the period. Quotient Wealth Partners LLC’s holdings in Mondelez International were worth $228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. State Street Corp raised its position in Mondelez International by 3.2% in the 3rd quarter. State Street Corp now owns 60,151,987 shares of the company’s stock valued at $4,459,239,000 after purchasing an additional 1,851,247 shares during the last quarter. Geode Capital Management LLC increased its stake in Mondelez International by 1.2% in the third quarter. Geode Capital Management LLC now owns 28,204,955 shares of the company’s stock valued at $2,069,906,000 after purchasing an additional 341,203 shares during the period. FMR LLC boosted its stake in shares of Mondelez International by 14.2% during the third 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. Massachusetts Financial Services Co. MA grew its holdings in shares of Mondelez International by 2.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 17,215,182 shares of the company’s stock worth $1,268,242,000 after buying an additional 489,068 shares during the last quarter. Finally, Mizuho Securities USA LLC raised its stake in Mondelez International by 12,057.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock valued at $926,327,000 after acquiring an additional 12,470,573 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their target price on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a report on Wednesday, January 22nd. The Goldman Sachs Group lowered their target price on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a 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 report on Tuesday, January 21st. DZ Bank downgraded 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. Finally, Stifel Nicolaus dropped their price objective on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $69.72.

Mondelez International Price Performance

MDLZ stock opened at $58.53 on Tuesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.42 and a current ratio of 0.68. The stock’s 50 day moving average price is $59.34 and its 200 day moving average price is $66.35. The firm has a market cap of $78.27 billion, a P/E ratio of 17.11, a PEG ratio of 4.04 and a beta of 0.54. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates 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 expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s dividend payout ratio is presently 54.97%.

Mondelez International announced that its Board of Directors has initiated a share buyback program on Wednesday, December 11th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 10.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are 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.