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

Eastern Bank trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 259,683 shares of the company’s stock after selling 345 shares during the period. Eastern Bank’s holdings in Mondelez International were worth $15,511,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Claro Advisors LLC increased its position in shares of Mondelez International by 12.1% during the fourth quarter. Claro Advisors LLC now owns 17,793 shares of the company’s stock worth $1,063,000 after acquiring an additional 1,915 shares during the period. CHICAGO TRUST Co NA increased its position in shares of Mondelez International by 11.8% during the fourth quarter. CHICAGO TRUST Co NA now owns 14,520 shares of the company’s stock worth $867,000 after acquiring an additional 1,527 shares during the period. Capital Investment Advisors LLC increased its position in shares of Mondelez International by 3.4% during the fourth quarter. Capital Investment Advisors LLC now owns 14,080 shares of the company’s stock worth $841,000 after acquiring an additional 467 shares during the period. Brookstone Capital Management increased its position in shares of Mondelez International by 45.9% during the fourth quarter. Brookstone Capital Management now owns 13,535 shares of the company’s stock worth $808,000 after acquiring an additional 4,260 shares during the period. Finally, Czech National Bank increased its position in shares of Mondelez International by 6.5% during the fourth quarter. Czech National Bank now owns 289,931 shares of the company’s stock worth $17,318,000 after acquiring an additional 17,815 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Performance

NASDAQ:MDLZ remained flat at $56.25 during mid-day trading on Monday. 12,783,143 shares of the company were exchanged, compared to its average volume of 9,379,275. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The stock has a market cap of $75.22 billion, a price-to-earnings ratio of 19.95, a price-to-earnings-growth ratio of 2.80 and a beta of 0.54. Mondelez International, Inc. has a 1 year low of $55.97 and a 1 year high of $77.20. The firm’s fifty day moving average price is $62.59 and its 200 day moving average price is $67.57.

Mondelez International (NASDAQ:MDLZ) last issued 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. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The company had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. During the same period last year, the company posted $0.82 earnings per share. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, sell-side analysts expect that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Mondelez International declared that its Board of Directors has authorized a share buyback program on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to purchase up to 10.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.34%. Mondelez International’s dividend payout ratio (DPR) is 66.67%.

Analysts Set New Price Targets

MDLZ has been the topic of a number of recent research reports. Piper Sandler upped their price objective on Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Stifel Nicolaus upped their price objective on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Bank of America increased their target price on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Redburn Atlantic began coverage on Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft lowered Mondelez International from a “buy” rating to a “hold” rating and dropped their target price for the company from $78.00 to $67.00 in a report on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $77.64.

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.