Mondelez International, Inc. (NASDAQ:MDLZ) Stock Holdings Lifted by Whittier Trust Co.

Whittier Trust Co. lifted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 20.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 360,936 shares of the company’s stock after buying an additional 60,473 shares during the period. Whittier Trust Co.’s holdings in Mondelez International were worth $21,555,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Truvestments Capital LLC acquired a new stake in shares of Mondelez International during the 3rd quarter worth approximately $25,000. Marshall Investment Management LLC acquired a new stake in Mondelez International in the fourth quarter worth $26,000. Prospera Private Wealth LLC bought a new stake in Mondelez International in the third quarter valued at $27,000. Hager Investment Management Services LLC acquired a new position in shares of Mondelez International during the fourth quarter valued at $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of Mondelez International during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Wells Fargo & Company cut 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. 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 report on Friday, February 7th. The Goldman Sachs Group reduced their price objective on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. UBS Group cut their target price on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, Barclays decreased their price target on Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.74.

Mondelez International Stock Down 1.0 %

MDLZ opened at $64.00 on Thursday. The company has a market capitalization of $82.79 billion, a PE ratio of 18.71, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. 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 fifty-two week low of $53.95 and a fifty-two week high of $76.06. The business has a 50-day moving average of $61.07 and a 200-day moving average of $65.24.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Equities research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

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

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s payout ratio is 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.