Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by CNB Bank

CNB Bank decreased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 10.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,855 shares of the company’s stock after selling 333 shares during the quarter. CNB Bank’s holdings in Mondelez International were worth $171,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Truvestments Capital LLC purchased a new position in shares of Mondelez International in the 3rd quarter valued at $25,000. Prospera Private Wealth LLC acquired a new stake in shares of Mondelez International during the third quarter worth $27,000. Richardson Financial Services Inc. grew its position in 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 buying an additional 200 shares during the last quarter. 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 Mondelez International during the 3rd quarter worth $45,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of a number of recent analyst reports. Bank of America upped their price target on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Piper Sandler dropped their target price on shares of Mondelez International from $84.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday. Redburn Atlantic assumed coverage on Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target on the stock. UBS Group reduced their price objective on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday. Finally, The Goldman Sachs Group cut their price target on Mondelez International from $79.00 to $68.00 and set a “buy” rating for the company in a research note on Tuesday. Four investment 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 presently has a consensus rating of “Moderate Buy” and an average price target of $74.93.

Mondelez International Stock Up 0.1 %

MDLZ opened at $58.05 on Friday. Mondelez International, Inc. has a 12 month low of $55.97 and a 12 month high of $77.20. The business has a 50-day moving average of $61.91 and a two-hundred day moving average of $67.36. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. The stock has a market capitalization of $77.63 billion, a price-to-earnings ratio of 20.61, a price-to-earnings-growth ratio of 2.99 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its earnings results 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. The firm had revenue of $9.20 billion during 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%. Mondelez International’s revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.82 earnings per share. On average, research analysts expect that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.24%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is currently 66.67%.

Mondelez International declared that its board has approved a share repurchase program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 10.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

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.