Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Midland Wealth Advisors LLC

Midland Wealth Advisors LLC trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 22.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,421 shares of the company’s stock after selling 1,597 shares during the quarter. Midland Wealth Advisors LLC’s holdings in Mondelez International were worth $324,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Saybrook Capital NC lifted its holdings in shares of Mondelez International by 30.9% in the 4th quarter. Saybrook Capital NC now owns 177,638 shares of the company’s stock worth $10,610,000 after acquiring an additional 41,915 shares during the last quarter. OFI Invest Asset Management purchased a new stake in Mondelez International during the 4th quarter worth approximately $16,833,000. Amundi increased its stake in Mondelez International by 20.1% during the 4th quarter. Amundi now owns 2,856,534 shares of the company’s stock worth $166,507,000 after buying an additional 478,225 shares during the period. Camden National Bank increased its stake in Mondelez International by 0.3% during the 4th quarter. Camden National Bank now owns 131,129 shares of the company’s stock worth $7,832,000 after buying an additional 447 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich increased its stake in Mondelez International by 7.4% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 5,249 shares of the company’s stock worth $346,000 after buying an additional 362 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and cut their target price for the stock from $75.00 to $62.00 in a research note on Tuesday, January 21st. Piper Sandler downgraded shares of Mondelez International from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $70.00 to $63.00 in a research report on Friday, January 31st. Stifel Nicolaus dropped their price objective on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Wells Fargo & Company dropped their price objective on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Finally, UBS Group dropped their price objective on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.74.

Mondelez International Stock Up 0.6 %

Shares of NASDAQ:MDLZ opened at $68.15 on Tuesday. The stock has a market cap of $88.15 billion, a P/E ratio of 19.93, a P/E/G ratio of 4.34 and a beta of 0.50. The firm has a fifty day moving average price of $60.23 and a 200 day moving average price of $65.50. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06.

Mondelez International (NASDAQ:MDLZ) last released 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%. Sell-side analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International announced that its board has approved a stock buyback program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.76%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

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.