Sanibel Captiva Trust Company Inc. Sells 4,545 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Sanibel Captiva Trust Company Inc. cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 152,493 shares of the company’s stock after selling 4,545 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in Mondelez International were worth $9,108,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MDLZ. Truvestments Capital LLC purchased a new stake in shares of Mondelez International during the third quarter valued at approximately $25,000. Prospera Private Wealth LLC purchased a new stake in Mondelez International during the 3rd quarter valued at $27,000. Richardson Financial Services Inc. boosted its position in Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after buying an additional 200 shares during the period. Highline Wealth Partners LLC bought a new stake in Mondelez International in the 3rd quarter worth $38,000. Finally, Hara Capital LLC purchased a new position in shares of Mondelez International in the third quarter valued at about $45,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Redburn Atlantic began coverage on Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price on the stock. Stifel Nicolaus lifted 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 upped 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. Piper Sandler cut their price target on shares of Mondelez International from $84.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, The Goldman Sachs Group decreased their price objective on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating for the company in a report on Tuesday. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and a consensus price target of $74.93.

Mondelez International Stock Performance

Mondelez International stock opened at $57.86 on Friday. Mondelez International, Inc. has a twelve month low of $55.97 and a twelve month high of $77.20. 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 company has a market capitalization of $77.37 billion, a P/E ratio of 20.52, a PEG ratio of 2.99 and a beta of 0.54. The stock’s 50 day moving average is $61.76 and its 200 day moving average is $67.30.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. The company 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%. Mondelez International’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.82 EPS. On average, equities research analysts predict that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is currently 66.67%.

Mondelez International announced that its Board of Directors has approved a stock repurchase plan on Wednesday, December 11th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 10.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management 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.