Vestcor Inc Sells 2,385 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Vestcor Inc lowered its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 85,184 shares of the company’s stock after selling 2,385 shares during the period. Vestcor Inc’s holdings in Mondelez International were worth $5,088,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of MDLZ. United Bank increased its position in shares of Mondelez International by 12.7% during the third quarter. United Bank now owns 22,649 shares of the company’s stock valued at $1,669,000 after acquiring an additional 2,549 shares during the last quarter. Versor Investments LP purchased a new position in shares of Mondelez International in the third quarter worth about $243,000. Nations Financial Group Inc. IA ADV purchased a new position in Mondelez International during the 3rd quarter valued at about $262,000. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in Mondelez International during the 3rd quarter valued at about $508,000. Finally, Verus Capital Partners LLC grew its holdings in shares of Mondelez International by 12.6% during the 3rd quarter. Verus Capital Partners LLC now owns 3,600 shares of the company’s stock worth $265,000 after acquiring an additional 404 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Down 0.4 %

MDLZ opened at $64.69 on Friday. The firm has a 50-day simple moving average of $60.60 and a two-hundred day simple moving average of $65.47. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The company has a market capitalization of $83.68 billion, a PE ratio of 18.92, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data 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 net margin of 12.68% and a return on equity of 16.75%. Analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International declared that its Board of Directors has approved a share buyback plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Monday, March 31st. Mondelez International’s payout ratio is 54.97%.

Analyst Ratings Changes

MDLZ has been the topic of a number of analyst reports. 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 research report on Friday, February 7th. Wells Fargo & Company reduced their price objective on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. 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 note on Thursday, February 6th. Piper Sandler lowered Mondelez International from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $70.00 to $63.00 in a research note on Friday, January 31st. Finally, Barclays reduced their price objective 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 equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $69.74.

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.