Fifth Third Wealth Advisors LLC Sells 471 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Fifth Third Wealth Advisors LLC decreased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,777 shares of the company’s stock after selling 471 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Mondelez International were worth $1,062,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Community Trust & Investment Co. grew its stake in Mondelez International by 4.2% in the fourth quarter. Community Trust & Investment Co. now owns 162,824 shares of the company’s stock valued at $9,725,000 after acquiring an additional 6,562 shares during the period. Wallace Advisory Group LLC bought a new position in shares of Mondelez International during the 4th quarter valued at about $346,000. MRA Advisory Group grew its position in shares of Mondelez International by 40.3% in the 4th quarter. MRA Advisory Group now owns 7,808 shares of the company’s stock valued at $466,000 after purchasing an additional 2,242 shares during the period. Johnson & White Wealth Management LLC bought a new stake in Mondelez International during the 4th quarter worth approximately $403,000. Finally, Greenfield Savings Bank raised its holdings in Mondelez International by 3.3% during the 4th quarter. Greenfield Savings Bank now owns 18,487 shares of the company’s stock worth $1,104,000 after buying an additional 583 shares during the period. Institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on MDLZ shares. Citigroup reduced their price target 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. Evercore ISI increased their target price on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Piper Sandler boosted their price target on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Redburn Atlantic initiated coverage on Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective for the company. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $61.00 target price (down previously from $74.00) on shares of Mondelez International in a research report on Tuesday, January 7th. Three equities research 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 stock has an average rating of “Moderate Buy” and a consensus target price of $76.79.

Mondelez International Trading Down 0.8 %

Shares of Mondelez International stock opened at $56.64 on Thursday. The stock has a market capitalization of $75.74 billion, a PE ratio of 20.09, a price-to-earnings-growth ratio of 2.80 and a beta of 0.54. Mondelez International, Inc. has a 52 week low of $55.97 and a 52 week high of $77.20. The stock has a 50 day moving average price of $62.11 and a two-hundred day moving average price of $67.44. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.14. The business had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.82 EPS. As a group, equities analysts anticipate that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Mondelez International declared that its board has authorized a stock buyback plan on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 10.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.32%. Mondelez International’s payout ratio is presently 66.67%.

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.