Arrowstreet Capital Limited Partnership Reduces Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Arrowstreet Capital Limited Partnership cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,517,914 shares of the company’s stock after selling 233,776 shares during the period. Arrowstreet Capital Limited Partnership owned 0.26% of Mondelez International worth $210,125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of MDLZ. United Bank lifted its stake in shares of Mondelez International by 12.7% during the 3rd quarter. United Bank now owns 22,649 shares of the company’s stock worth $1,669,000 after acquiring an additional 2,549 shares during the last quarter. L.M. Kohn & Company increased its stake in Mondelez International by 9.3% in the third quarter. L.M. Kohn & Company now owns 4,889 shares of the company’s stock worth $360,000 after purchasing an additional 415 shares during the period. Cobblestone Capital Advisors LLC NY lifted its position in shares of Mondelez International by 25.6% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 3,993 shares of the company’s stock worth $294,000 after purchasing an additional 815 shares during the last quarter. Erste Asset Management GmbH purchased a new stake in shares of Mondelez International during the third quarter valued at $2,337,000. Finally, B&L Asset Management LLC bought a new position in shares of Mondelez International in the third quarter worth about $378,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Up 0.3 %

Shares of Mondelez International stock opened at $67.72 on Monday. The company has a market capitalization of $87.60 billion, a P/E ratio of 19.80, a P/E/G ratio of 4.34 and a beta of 0.50. The company has a 50 day moving average of $62.25 and a 200 day moving average of $64.75. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results 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 return on equity of 16.75% and a net margin of 12.68%. As a group, research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International announced that its board has approved a stock buyback program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board 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. Stockholders of record on Monday, March 31st will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.78%. Mondelez International’s dividend payout ratio (DPR) is 54.97%.

Wall Street Analyst Weigh In

Several research firms have issued reports on MDLZ. Barclays lowered their price objective on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Mizuho lifted their price target on shares of Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, February 14th. Piper Sandler lifted their price objective on Mondelez International from $56.00 to $59.00 and gave the company a “neutral” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft lowered 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, Citigroup cut their price objective on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and an average price target of $69.50.

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.