Versant Capital Management Inc Trims Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Versant Capital Management Inc reduced its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 22.1% in the fourth quarter, HoldingsChannel reports. The fund owned 1,793 shares of the company’s stock after selling 510 shares during the period. Versant Capital Management Inc’s holdings in Mondelez International were worth $107,000 as of its most recent SEC filing.

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

Mondelez International Trading Up 0.6 %

NASDAQ:MDLZ opened at $59.86 on Friday. Mondelez International, Inc. has a one year low of $58.90 and a one year high of $77.20. The business has a fifty day moving average price of $63.71 and a 200-day moving average price of $67.87. The firm has a market capitalization of $80.04 billion, a price-to-earnings ratio of 21.23, a price-to-earnings-growth ratio of 2.80 and a beta of 0.53. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. During the same quarter in the prior year, the business posted $0.82 earnings per share. The business’s quarterly revenue was up 1.9% on a year-over-year basis. Sell-side analysts forecast that Mondelez International, Inc. will post 3.48 EPS for the current year.

Mondelez International announced that its Board of Directors has approved a stock buyback 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 board of directors believes its shares are undervalued.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.14%. The ex-dividend date is Tuesday, December 31st. Mondelez International’s dividend payout ratio is currently 66.67%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MDLZ shares. Piper Sandler lifted their price target on Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Stifel Nicolaus lifted their target price on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Redburn Atlantic assumed coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price on the stock. Evercore ISI raised their price target on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Finally, Bank of America upped their price objective on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $79.07.

About Mondelez International

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.