Aviso Wealth Management Decreases Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Aviso Wealth Management reduced its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 20.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,842 shares of the company’s stock after selling 3,988 shares during the period. Aviso Wealth Management’s holdings in Mondelez International were worth $946,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Financial Engines Advisors L.L.C. lifted its stake in shares of Mondelez International by 25.0% in the 4th quarter. Financial Engines Advisors L.L.C. now owns 5,108 shares of the company’s stock valued at $305,000 after purchasing an additional 1,021 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in Mondelez International by 2.8% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 790,722 shares of the company’s stock worth $47,230,000 after buying an additional 21,883 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its holdings in Mondelez International by 3.9% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 46,234 shares of the company’s stock valued at $2,762,000 after purchasing an additional 1,730 shares during the last quarter. Signature Estate & Investment Advisors LLC raised its holdings in shares of Mondelez International by 5.0% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 33,569 shares of the company’s stock worth $2,005,000 after buying an additional 1,609 shares during the period. Finally, Zions Bancorporation N.A. lifted its stake in shares of Mondelez International by 51.2% during the 4th quarter. Zions Bancorporation N.A. now owns 31,621 shares of the company’s stock worth $1,889,000 after acquiring an additional 10,707 shares during the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. UBS Group decreased their target price on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Stifel Nicolaus decreased their price target on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Royal Bank of Canada reduced their price objective on Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Jefferies Financial Group cut Mondelez International from a “buy” rating to a “hold” rating and lowered their target price for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. Finally, Mizuho increased their price target on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.70.

Mondelez International Trading Down 0.4 %

Shares of NASDAQ:MDLZ opened at $64.69 on Wednesday. The business’s 50-day moving average is $61.67 and its 200 day moving average is $64.91. 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 firm has a market capitalization of $83.68 billion, a P/E ratio of 18.92, a P/E/G ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ) last released 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%. On average, research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

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. This represents a $1.88 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s payout ratio is 54.97%.

Mondelez International announced that its board has authorized a share buyback program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 10.7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors 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.