International Assets Investment Management LLC Sells 794,103 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

International Assets Investment Management LLC decreased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 98.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,982 shares of the company’s stock after selling 794,103 shares during the quarter. International Assets Investment Management LLC’s holdings in Mondelez International were worth $713,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mizuho Securities USA LLC grew its position in shares of Mondelez International by 12,057.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock valued at $926,327,000 after buying an additional 12,470,573 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Mondelez International by 40.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock valued at $1,094,557,000 after purchasing an additional 4,794,746 shares during the period. Ilex Capital Partners UK LLP bought a new position in Mondelez International during the 3rd quarter worth approximately $219,045,000. FMR LLC lifted its position in shares of Mondelez International by 14.2% in the 3rd quarter. FMR LLC now owns 18,255,657 shares of the company’s stock worth $1,344,894,000 after purchasing an additional 2,268,639 shares during the period. Finally, Holocene Advisors LP bought a new stake in shares of Mondelez International in the 3rd quarter valued at $159,823,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MDLZ has been the subject of a number of analyst reports. Wells Fargo & Company reissued an “equal weight” rating and set a $61.00 target price (down previously from $74.00) on shares of Mondelez International in a research note on Tuesday. Piper Sandler boosted their price objective on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft cut Mondelez International from a “buy” rating to a “hold” rating and decreased their target price for the stock from $78.00 to $67.00 in a research note on Thursday, December 12th. Evercore ISI increased their price target on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Finally, Citigroup lowered their price objective on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.64.

Mondelez International Price Performance

MDLZ stock opened at $58.29 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The business has a 50-day simple moving average of $62.83 and a two-hundred day simple moving average of $67.65. The company has a market capitalization of $77.95 billion, a P/E ratio of 20.67, a price-to-earnings-growth ratio of 2.80 and a beta of 0.54. Mondelez International, Inc. has a 52-week low of $57.67 and a 52-week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.11 billion. During the same quarter in the previous year, the firm earned $0.82 earnings per share. Mondelez International’s quarterly revenue was up 1.9% on a year-over-year basis. Research analysts expect that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

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

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date is Tuesday, December 31st. Mondelez International’s payout ratio is currently 66.67%.

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.