Auxier Asset Management Cuts Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Auxier Asset Management lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.9% in the fourth quarter, Holdings Channel reports. The firm owned 33,948 shares of the company’s stock after selling 1,751 shares during the period. Auxier Asset Management’s holdings in Mondelez International were worth $2,028,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. ICICI Prudential Asset Management Co Ltd grew its stake in Mondelez International by 430.0% during the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company’s stock worth $5,520,000 after buying an additional 74,975 shares during the period. Buckingham Capital Management Inc. raised its stake in shares of Mondelez International by 25.5% in the 4th quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company’s stock valued at $5,578,000 after acquiring an additional 18,961 shares during the period. Kennedy Investment Group acquired a new position in shares of Mondelez International during the 4th quarter valued at $313,000. Rhumbline Advisers boosted its position in Mondelez International by 1.4% during the 4th quarter. Rhumbline Advisers now owns 2,742,126 shares of the company’s stock worth $163,787,000 after purchasing an additional 37,897 shares during the period. Finally, Amundi increased its holdings in Mondelez International by 20.1% in the 4th quarter. Amundi now owns 2,856,534 shares of the company’s stock valued at $166,507,000 after purchasing an additional 478,225 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

MDLZ has been the topic of a number of recent research reports. Wells Fargo & Company boosted their price objective on Mondelez International from $64.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 2nd. Barclays raised their target price on Mondelez International from $71.00 to $74.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. JPMorgan Chase & Co. upped their price target on Mondelez International from $64.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday, April 11th. Piper Sandler increased their price objective on shares of Mondelez International from $59.00 to $64.00 and gave the company a “neutral” rating in a research report on Wednesday, April 9th. Finally, DA Davidson cut shares of Mondelez International from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $66.00 to $68.00 in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $70.55.

Mondelez International Trading Up 1.0%

NASDAQ MDLZ opened at $66.14 on Friday. The company has a market capitalization of $85.64 billion, a price-to-earnings ratio of 19.34, a price-to-earnings-growth 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 12 month low of $53.95 and a 12 month high of $76.06. The company’s fifty day moving average price is $66.25 and its two-hundred day moving average price is $63.30.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.67 by $0.07. The business had revenue of $9.31 billion for the quarter, compared to analysts’ expectations of $9.37 billion. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the company posted $0.93 earnings per share. As a group, research analysts predict 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 will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International’s payout ratio is currently 69.89%.

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.