Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA trimmed its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 862,404 shares of the company’s stock after selling 16,966 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Mondelez International were worth $51,511,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in MDLZ. Mizuho Securities USA LLC lifted its stake in Mondelez International by 12,057.4% in the third 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. Van ECK Associates Corp lifted its stake in Mondelez International by 2,560.0% in the fourth quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company’s stock valued at $203,749,000 after buying an additional 3,282,937 shares during the last quarter. Ilex Capital Partners UK LLP bought a new stake in Mondelez International in the third quarter valued at $219,045,000. FMR LLC raised its stake in shares of Mondelez International by 14.2% during the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock valued at $1,344,894,000 after purchasing an additional 2,268,639 shares in the last quarter. Finally, Holocene Advisors LP bought a new stake in shares of Mondelez International during the third quarter valued at about $159,823,000. 78.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MDLZ. Stifel Nicolaus cut their price objective on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. UBS Group cut their price objective on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. The Goldman Sachs Group cut their price objective on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. 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. Finally, Dbs Bank cut shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $69.72.

Mondelez International Trading Up 0.9 %

NASDAQ:MDLZ opened at $61.16 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.42. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The stock’s 50-day moving average is $59.06 and its two-hundred day moving average is $66.22. The stock has a market cap of $81.78 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 4.04 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate 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 research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.47 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.07%. Mondelez International’s dividend payout ratio is 54.97%.

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

Mondelez International 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.