Whitener Capital Management Inc. Sells 650 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Whitener Capital Management Inc. trimmed its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.9% during the 4th quarter, Holdings Channel reports. The firm owned 10,395 shares of the company’s stock after selling 650 shares during the quarter. Whitener Capital Management Inc.’s holdings in Mondelez International were worth $621,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Czech National Bank lifted its holdings in shares of Mondelez International by 6.5% during the 4th quarter. Czech National Bank now owns 289,931 shares of the company’s stock worth $17,318,000 after acquiring an additional 17,815 shares during the last quarter. Legacy Private Trust Co. lifted its position in Mondelez International by 33.2% in the 4th quarter. Legacy Private Trust Co. now owns 3,841 shares of the company’s stock worth $229,000 after buying an additional 957 shares during the last quarter. Benjamin Edwards Inc. boosted its stake in Mondelez International by 1,904.9% in the third quarter. Benjamin Edwards Inc. now owns 425,805 shares of the company’s stock worth $31,369,000 after buying an additional 404,567 shares in the last quarter. Kingsview Wealth Management LLC grew its position in Mondelez International by 14.3% during the third quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company’s stock valued at $8,430,000 after acquiring an additional 14,278 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Mondelez International by 11.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 249,067 shares of the company’s stock valued at $18,349,000 after purchasing an additional 25,833 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $57.86 on Friday. The company has a 50 day simple moving average of $61.76 and a two-hundred day simple moving average of $67.30. Mondelez International, Inc. has a fifty-two week low of $55.97 and a fifty-two week high of $77.20. The company has a market capitalization of $77.37 billion, a price-to-earnings ratio of 20.52, a P/E/G ratio of 2.99 and a beta of 0.54. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating 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 previous year, the business earned $0.82 earnings per share. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. Analysts expect that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Mondelez International announced that its board has approved a share buyback program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is currently 66.67%.

Analyst Upgrades and Downgrades

MDLZ has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft cut shares of Mondelez International from a “buy” rating to a “hold” rating and decreased their target price for the stock from $78.00 to $67.00 in a research report on Thursday, December 12th. Redburn Atlantic started coverage on Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target on the stock. The Goldman Sachs Group dropped their price objective on Mondelez International from $79.00 to $68.00 and set a “buy” rating for the company in a research note on Tuesday. Piper Sandler lowered their price target on shares of Mondelez International from $84.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Evercore ISI raised their price target on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $74.93.

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.