Robertson Stephens Wealth Management LLC Trims Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Robertson Stephens Wealth Management LLC lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,405 shares of the company’s stock after selling 254 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Mondelez International were worth $626,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. 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 buying an additional 1,851,247 shares during the period. Geode Capital Management LLC grew its holdings in Mondelez International by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 28,204,955 shares of the company’s stock worth $2,069,906,000 after acquiring an additional 341,203 shares in the last quarter. FMR LLC grew its holdings in Mondelez International by 14.2% during the 3rd quarter. FMR LLC now owns 18,255,657 shares of the company’s stock worth $1,344,894,000 after acquiring an additional 2,268,639 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Mondelez International by 2.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 17,215,182 shares of the company’s stock worth $1,268,242,000 after acquiring an additional 489,068 shares in the last quarter. Finally, Mizuho Securities USA LLC grew its holdings in Mondelez International by 12,057.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock worth $926,327,000 after acquiring an additional 12,470,573 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Up 1.1 %

MDLZ stock opened at $58.45 on Friday. The firm has a 50 day moving average of $59.47 and a 200 day moving average of $66.41. The stock has a market capitalization of $78.16 billion, a PE ratio of 20.73, a price-to-earnings-growth ratio of 3.12 and a beta of 0.54. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. Sell-side analysts forecast that Mondelez International, Inc. will post 3.44 earnings per share for the current year.

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

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s payout ratio is 66.67%.

Analyst Ratings Changes

Several brokerages have issued reports on MDLZ. Barclays dropped their target price on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a report on Wednesday, January 22nd. Piper Sandler cut shares of Mondelez International from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $70.00 to $63.00 in a report on Friday, January 31st. Redburn Atlantic assumed coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target on the stock. Finally, UBS Group lowered their price target on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $69.72.

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.