Zions Bancorporation N.A. Increases Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Zions Bancorporation N.A. increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 51.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 31,621 shares of the company’s stock after acquiring an additional 10,707 shares during the period. Zions Bancorporation N.A.’s holdings in Mondelez International were worth $1,889,000 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 MDLZ. United Bank boosted its stake in shares of Mondelez International by 12.7% during the 3rd quarter. United Bank now owns 22,649 shares of the company’s stock worth $1,669,000 after acquiring an additional 2,549 shares in the last quarter. Larson Financial Group LLC boosted its position in Mondelez International by 82.7% during the third quarter. Larson Financial Group LLC now owns 2,811 shares of the company’s stock worth $207,000 after purchasing an additional 1,272 shares in the last quarter. Douglass Winthrop Advisors LLC grew its holdings in Mondelez International by 11.8% in the third quarter. Douglass Winthrop Advisors LLC now owns 12,280 shares of the company’s stock valued at $905,000 after purchasing an additional 1,300 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of Mondelez International in the third quarter valued at $25,000. Finally, Horizon Kinetics Asset Management LLC raised its stake in shares of Mondelez International by 7.3% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 16,429 shares of the company’s stock worth $1,210,000 after buying an additional 1,112 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on MDLZ. Citigroup dropped their target price on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Piper Sandler cut shares of 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 research note on Friday, January 31st. UBS Group reduced their target price on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. DZ Bank downgraded Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target for the company. in a research report on Friday, February 7th. Finally, Dbs Bank downgraded Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and an average target price of $69.70.

Mondelez International Trading Down 0.4 %

MDLZ stock opened at $64.69 on Wednesday. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The company has a market cap of $83.68 billion, a price-to-earnings ratio of 18.92, a PEG 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. The business has a fifty day simple moving average of $61.67 and a 200-day simple moving average of $64.91.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. On average, equities research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

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

Mondelez International Announces Dividend

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 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 yield of 2.91%. Mondelez International’s dividend payout ratio is currently 54.97%.

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.