Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Busey Bank

Busey Bank lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 17,442 shares of the company’s stock after selling 1,155 shares during the period. Busey Bank’s holdings in Mondelez International were worth $1,042,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. New England Research & Management Inc. bought a new position in Mondelez International during the 4th quarter worth approximately $432,000. Hanson & Doremus Investment Management lifted its stake in Mondelez International by 3.3% during the fourth quarter. Hanson & Doremus Investment Management now owns 8,421 shares of the company’s stock worth $503,000 after purchasing an additional 271 shares during the last quarter. Manning & Napier Advisors LLC boosted its holdings in Mondelez International by 74.5% in the fourth quarter. Manning & Napier Advisors LLC now owns 113,400 shares of the company’s stock worth $6,773,000 after purchasing an additional 48,410 shares during the period. Swedbank AB raised its holdings in shares of Mondelez International by 2.8% during the fourth quarter. Swedbank AB now owns 938,077 shares of the company’s stock worth $56,031,000 after purchasing an additional 25,532 shares during the period. Finally, Strategic Blueprint LLC lifted its position in shares of Mondelez International by 7.1% in the 4th quarter. Strategic Blueprint LLC now owns 8,678 shares of the company’s stock worth $518,000 after buying an additional 577 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Up 2.2 %

MDLZ stock opened at $58.41 on Friday. The firm’s 50-day moving average is $60.34 and its two-hundred day moving average is $66.77. The company has a market capitalization of $78.11 billion, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 2.96 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 company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.85 by $0.14. The firm had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.82 earnings per share. On average, analysts forecast that Mondelez International, Inc. will post 3.45 earnings per share for the current fiscal year.

Mondelez International declared that its board has initiated a share repurchase program on Wednesday, December 11th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 10.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders 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 3.22%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MDLZ. Redburn Atlantic began coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Wednesday, January 22nd. Jefferies Financial Group lowered Mondelez International from a “buy” rating to a “hold” rating and reduced their price objective for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. Piper Sandler dropped their target price on Mondelez International from $84.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $75.00 price target on shares of Mondelez International in a report on Thursday. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $73.18.

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.