Mondelez International, Inc. (NASDAQ:MDLZ) Shares Bought by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 11.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,520 shares of the company’s stock after acquiring an additional 1,527 shares during the period. CHICAGO TRUST Co NA’s holdings in Mondelez International were worth $867,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new stake in shares of Mondelez International during the 3rd quarter worth about $25,000. Prospera Private Wealth LLC acquired a new stake in Mondelez International during the third quarter worth approximately $27,000. Richardson Financial Services Inc. grew its stake in Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after acquiring an additional 200 shares during the period. Highline Wealth Partners LLC acquired a new position in Mondelez International in the 3rd quarter valued at $38,000. Finally, Hara Capital LLC purchased a new position in shares of Mondelez International during the 3rd quarter worth $45,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $61.00 price objective (down previously from $74.00) on shares of Mondelez International in a research report on Tuesday, January 7th. Stifel Nicolaus upped their price objective on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Evercore ISI raised their target price on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Piper Sandler upped their price target on shares of Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, Redburn Atlantic started 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. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $77.64.

Mondelez International Stock Up 0.1 %

NASDAQ:MDLZ traded up $0.07 during trading hours on Monday, hitting $56.32. The stock had a trading volume of 6,645,890 shares, compared to its average volume of 8,582,897. The company has a market cap of $75.31 billion, a PE ratio of 19.97, a price-to-earnings-growth ratio of 2.80 and a beta of 0.54. The business has a 50 day simple moving average of $62.59 and a two-hundred day simple moving average of $67.57. Mondelez International, Inc. has a 1-year low of $55.97 and a 1-year high of $77.20. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59.

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

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 3.34%. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.

Mondelez International announced that its Board of Directors has initiated a share repurchase program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

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.