Whittier Trust Co. of Nevada Inc. Boosts Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Whittier Trust Co. of Nevada Inc. increased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 17.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 195,161 shares of the company’s stock after acquiring an additional 28,532 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Mondelez International were worth $11,655,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Truvestments Capital LLC acquired a new position in shares of Mondelez International during the 3rd quarter valued at about $25,000. Marshall Investment Management LLC acquired a new position in Mondelez International in the fourth quarter valued at about $26,000. Prospera Private Wealth LLC purchased a new stake in Mondelez International during the third quarter worth about $27,000. Hager Investment Management Services LLC purchased a new stake in Mondelez International during the fourth quarter worth about $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Mondelez International during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

MDLZ has been the topic of a number of recent research reports. DZ Bank lowered shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 target price on the stock. in a research note on Friday, February 7th. The Goldman Sachs Group dropped their price target on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Wells Fargo & Company dropped their price target on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Piper Sandler downgraded Mondelez International from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $70.00 to $63.00 in a report on Friday, January 31st. Finally, Jefferies Financial Group downgraded Mondelez International from a “buy” rating to a “hold” rating and decreased their price objective for the company from $75.00 to $62.00 in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.74.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $63.95 on Friday. 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 stock has a fifty day moving average price of $61.18 and a 200 day moving average price of $65.23. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The company has a market cap of $82.72 billion, a PE ratio of 18.70, a P/E/G ratio of 4.34 and a beta of 0.50.

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

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.94%. The ex-dividend date is Monday, March 31st. Mondelez International’s payout ratio is 54.97%.

Mondelez International declared that its board has initiated a stock buyback program 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 stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board 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.