Pinnacle Bancorp Inc. Has $116,000 Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Pinnacle Bancorp Inc. grew its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 36.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,936 shares of the company’s stock after buying an additional 515 shares during the period. Pinnacle Bancorp Inc.’s holdings in Mondelez International were worth $116,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in MDLZ. Truvestments Capital LLC bought a new position in Mondelez International during the third quarter worth about $25,000. Prospera Private Wealth LLC bought a new position in shares of Mondelez International during the 3rd quarter valued at about $27,000. Richardson Financial Services Inc. grew its position in shares of Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares during the period. Highline Wealth Partners LLC bought a new stake in Mondelez International during the 3rd quarter worth approximately $38,000. Finally, Hara Capital LLC acquired a new stake in Mondelez International during the 3rd quarter worth approximately $45,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $58.00 on Friday. Mondelez International, Inc. has a 12-month low of $55.97 and a 12-month high of $77.20. The firm has a market capitalization of $77.56 billion, a price-to-earnings ratio of 20.57, a P/E/G ratio of 2.99 and a beta of 0.54. The stock’s 50 day moving average price is $61.91 and its two-hundred day moving average price is $67.36. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share 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 for the quarter, compared to analysts’ expectations of $9.11 billion. During the same quarter in the prior year, the business earned $0.82 EPS. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, analysts anticipate that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

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

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 3.24%. Mondelez International’s dividend payout ratio is currently 66.67%.

Analyst Ratings Changes

MDLZ has been the subject of several research reports. Citigroup lowered their price objective on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Piper Sandler dropped their price target on Mondelez International from $84.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday. Bank of America upped their price objective on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Redburn Atlantic began coverage on Mondelez International in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price on the stock. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $61.00 price target (down previously from $74.00) on shares of Mondelez International in a research report on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $74.93.

Mondelez International Company 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.