Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Wulff Hansen & CO.

Wulff Hansen & CO. lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,905 shares of the company’s stock after selling 360 shares during the quarter. Mondelez International makes up about 1.3% of Wulff Hansen & CO.’s investment portfolio, making the stock its 23rd largest holding. Wulff Hansen & CO.’s holdings in Mondelez International were worth $1,428,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. State Street Corp lifted its stake in Mondelez International by 3.2% in the third quarter. State Street Corp now owns 60,151,987 shares of the company’s stock valued at $4,459,239,000 after buying an additional 1,851,247 shares during the last quarter. Geode Capital Management LLC lifted 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 buying an additional 341,203 shares during the last quarter. FMR LLC lifted its stake in Mondelez International by 14.2% in the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock valued at $1,344,894,000 after buying an additional 2,268,639 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake 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 valued at $1,268,242,000 after purchasing an additional 489,068 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Mondelez International by 3.3% during the fourth quarter. Bank of New York Mellon Corp now owns 10,354,236 shares of the company’s stock valued at $618,458,000 after purchasing an additional 326,177 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Trading Down 0.7 %

Shares of MDLZ opened at $64.65 on Wednesday. The business’s 50-day moving average price is $60.95 and its 200 day moving average price is $65.25. The stock has a market capitalization of $83.63 billion, a P/E ratio of 18.90, a P/E/G ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. 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 (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share 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%. Analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International declared that its board has authorized a stock buyback plan on Wednesday, December 11th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 10.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders 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 yield of 2.91%. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MDLZ. Wells Fargo & Company cut their price objective on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Mizuho lifted their price objective 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. Barclays cut their price objective on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Wednesday, January 22nd. Finally, Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and cut their price objective for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $69.74.

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.