Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Berkshire Asset Management LLC PA

Berkshire Asset Management LLC PA decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.0% in the fourth quarter, HoldingsChannel reports. The firm owned 595,291 shares of the company’s stock after selling 24,741 shares during the quarter. Mondelez International accounts for 1.6% of Berkshire Asset Management LLC PA’s portfolio, making the stock its 28th biggest position. Berkshire Asset Management LLC PA’s holdings in Mondelez International were worth $34,182,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MDLZ. Mizuho Securities USA LLC raised its position in Mondelez International by 12,057.4% during the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock valued at $926,327,000 after acquiring an additional 12,470,573 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Mondelez International in the fourth quarter valued at approximately $256,832,000. Van ECK Associates Corp boosted its stake in shares of 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 worth $203,749,000 after acquiring an additional 3,282,937 shares during the last quarter. Ilex Capital Partners UK LLP acquired a new stake in shares of Mondelez International in the third quarter worth approximately $219,045,000. Finally, FMR LLC boosted its stake in shares of Mondelez International by 14.2% in the third 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 during the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $66.76 on Friday. The firm has a market capitalization of $86.36 billion, a price-to-earnings ratio of 19.52, a P/E/G ratio of 4.34 and a beta of 0.50. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The firm’s 50 day simple moving average is $59.91 and its 200 day simple moving average is $65.62. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06.

Mondelez International (NASDAQ:MDLZ) last issued 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 net margin of 12.68% and a return on equity of 16.75%. As a group, research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be paid a dividend of $0.47 per share. The ex-dividend date is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.82%. Mondelez International’s payout ratio is 54.97%.

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

Analysts Set New Price Targets

MDLZ has been the topic of a number of recent research reports. Jefferies Financial Group lowered Mondelez International from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $75.00 to $62.00 in a research note on Tuesday, January 21st. Mizuho boosted their price objective on Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, February 14th. Wells Fargo & Company cut their price target on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. DZ Bank downgraded Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective on the stock. in a report on Friday, February 7th. Finally, 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. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $69.74.

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.