Pitcairn Co. Sells 3,954 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Pitcairn Co. lessened its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 8.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 45,424 shares of the company’s stock after selling 3,954 shares during the period. Pitcairn Co.’s holdings in Mondelez International were worth $2,713,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Mondelez International by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company’s stock worth $7,910,477,000 after purchasing an additional 931,776 shares during the period. State Street Corp increased its stake in Mondelez International by 3.2% in the 3rd quarter. State Street Corp now owns 60,151,987 shares of the company’s stock worth $4,459,239,000 after acquiring an additional 1,851,247 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Mondelez International by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company’s stock valued at $1,721,954,000 after acquiring an additional 708,523 shares in the last quarter. Norges Bank bought a new stake in shares of Mondelez International during the 4th quarter valued at about $1,118,755,000. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Mondelez International by 1.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 17,423,363 shares of the company’s stock valued at $1,040,697,000 after acquiring an additional 208,181 shares during the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MDLZ. Citigroup lowered their target price on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Morgan Stanley assumed coverage on shares of Mondelez International in a research report on Monday, March 24th. They set an “overweight” rating and a $69.00 price objective on the stock. Royal Bank of Canada cut their target price on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. DZ Bank downgraded Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target on the stock. in a research report on Friday, February 7th. Finally, The Goldman Sachs Group cut their price objective on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company 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 company. According to MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and a consensus target price of $70.20.

Mondelez International Price Performance

MDLZ stock opened at $66.13 on Thursday. The stock has a market capitalization of $85.54 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 4.34 and a beta of 0.50. The firm’s 50-day moving average price is $62.85 and its two-hundred day moving average price is $64.66. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (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%. As a group, equities analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date is Monday, March 31st. Mondelez International’s payout ratio is currently 54.97%.

Mondelez International announced that its board has approved a stock buyback program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 10.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management 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.