Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by TCV Trust & Wealth Management Inc.

TCV Trust & Wealth Management Inc. trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.2% in the fourth quarter, Holdings Channel reports. The firm owned 32,819 shares of the company’s stock after selling 747 shares during the quarter. TCV Trust & Wealth Management Inc.’s holdings in Mondelez International were worth $1,960,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MDLZ. Leavell Investment Management Inc. lifted its holdings in Mondelez International by 5.3% during the 4th quarter. Leavell Investment Management Inc. now owns 11,602 shares of the company’s stock worth $698,000 after buying an additional 580 shares during the last quarter. Portfolio Design Labs LLC raised its position in shares of Mondelez International by 79.9% during the 4th quarter. Portfolio Design Labs LLC now owns 35,042 shares of the company’s stock valued at $2,093,000 after acquiring an additional 15,563 shares in the last quarter. Quent Capital LLC lifted its stake in Mondelez International by 26.9% during the fourth quarter. Quent Capital LLC now owns 3,867 shares of the company’s stock worth $231,000 after purchasing an additional 820 shares during the last quarter. Community Bank & Trust Waco Texas boosted its holdings in Mondelez International by 6.5% in the fourth quarter. Community Bank & Trust Waco Texas now owns 39,904 shares of the company’s stock worth $2,383,000 after purchasing an additional 2,431 shares during the period. Finally, Stonebridge Financial Group LLC bought a new stake in Mondelez International during the fourth quarter valued at $67,000. 78.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on MDLZ shares. Jefferies Financial Group downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and reduced their price target for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. The Goldman Sachs Group cut their target price on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Bank of America upped their target price on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. DZ Bank cut Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target on the stock. in a research report on Friday, February 7th. Finally, Stifel Nicolaus reduced their price objective on Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, January 24th. 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $69.72.

Mondelez International Stock Up 3.3 %

Mondelez International stock opened at $60.45 on Wednesday. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The stock has a market cap of $80.83 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 4.04 and a beta of 0.54. The company’s 50-day moving average price is $59.20 and its two-hundred day moving average price is $66.30. The company has a current ratio of 0.68, a quick ratio of 0.42 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results 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 return on equity of 16.75% and a net margin of 12.68%. On average, analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 3.11%. Mondelez International’s dividend payout ratio is currently 54.97%.

Mondelez International announced that its board 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 shares through open market purchases. Shares buyback plans are typically 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.