Field & Main Bank Cuts Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Field & Main Bank trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 17,025 shares of the company’s stock after selling 860 shares during the period. Field & Main Bank’s holdings in Mondelez International were worth $1,017,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Czech National Bank lifted its holdings in shares of Mondelez International by 6.5% during the 4th quarter. Czech National Bank now owns 289,931 shares of the company’s stock valued at $17,318,000 after buying an additional 17,815 shares during the period. Legacy Private Trust Co. lifted its holdings in Mondelez International by 33.2% in the fourth quarter. Legacy Private Trust Co. now owns 3,841 shares of the company’s stock valued at $229,000 after acquiring an additional 957 shares during the period. Benjamin Edwards Inc. boosted its position in Mondelez International by 1,904.9% in the third quarter. Benjamin Edwards Inc. now owns 425,805 shares of the company’s stock worth $31,369,000 after purchasing an additional 404,567 shares during the last quarter. Kingsview Wealth Management LLC grew its stake in shares of Mondelez International by 14.3% during the 3rd quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company’s stock valued at $8,430,000 after purchasing an additional 14,278 shares during the period. Finally, Miracle Mile Advisors LLC grew its stake in shares of Mondelez International by 374.9% during the 4th quarter. Miracle Mile Advisors LLC now owns 22,124 shares of the company’s stock valued at $1,321,000 after purchasing an additional 17,465 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Trading Up 0.2 %

Shares of MDLZ stock opened at $57.02 on Wednesday. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $76.25 billion, a price-to-earnings ratio of 20.24, a price-to-earnings-growth ratio of 2.96 and a beta of 0.54. Mondelez International, Inc. has a 12-month low of $55.97 and a 12-month high of $77.20. The stock’s 50-day moving average price is $60.49 and its 200-day moving average price is $66.84.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.11 billion. During the same period in the prior year, the firm earned $0.82 EPS. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. Equities research analysts predict that Mondelez International, Inc. will post 3.45 EPS 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 was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s payout ratio is 66.67%.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of a number of research reports. Stifel Nicolaus dropped their price objective on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Jefferies Financial Group downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and cut their price objective for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $61.00 target price (down from $74.00) on shares of Mondelez International in a report on Tuesday, January 7th. Piper Sandler decreased their target price on shares of Mondelez International from $84.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Finally, UBS Group decreased their price objective on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $73.06.

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.