Zurcher Kantonalbank Zurich Cantonalbank Trims Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 535,107 shares of the company’s stock after selling 8,874 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Mondelez International were worth $31,962,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Saybrook Capital NC lifted its stake in shares of Mondelez International by 30.9% during the 4th quarter. Saybrook Capital NC now owns 177,638 shares of the company’s stock worth $10,610,000 after purchasing an additional 41,915 shares during the period. OFI Invest Asset Management purchased a new position in shares of Mondelez International during the 4th quarter worth $16,833,000. Amundi lifted its stake in shares of 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 purchasing an additional 478,225 shares during the period. Camden National Bank increased its holdings in shares of 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 last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of 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 last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Up 0.6 %

Shares of Mondelez International stock opened at $68.15 on Tuesday. The business has a 50-day moving average of $60.23 and a 200-day moving average 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. The company has a market capitalization of $88.15 billion, a PE ratio of 19.93, a P/E/G ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06.

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

Mondelez International declared that its Board of Directors has approved a stock repurchase program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 10.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Mondelez International Announces Dividend

The firm 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 dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.76%. Mondelez International’s dividend payout ratio is presently 54.97%.

Analysts Set New Price Targets

MDLZ has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft dropped their price objective on Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a report on Wednesday, January 22nd. DZ Bank downgraded Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective for the company. in a report on Friday, February 7th. Piper Sandler downgraded Mondelez International from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $70.00 to $63.00 in a report on Friday, January 31st. Mizuho upped their price objective on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. Finally, Dbs Bank downgraded Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and an average price target of $69.74.

About Mondelez International

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.