Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by abrdn plc

abrdn plc lowered its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 830,317 shares of the company’s stock after selling 40,575 shares during the quarter. abrdn plc’s holdings in Mondelez International were worth $49,271,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Truvestments Capital LLC purchased a new position in shares of Mondelez International in the 3rd quarter valued at about $25,000. Prospera Private Wealth LLC purchased a new position in Mondelez International in the third quarter valued at about $27,000. Richardson Financial Services Inc. increased its holdings in Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after buying an additional 200 shares in the last quarter. Highline Wealth Partners LLC purchased a new stake in shares of Mondelez International during the 3rd quarter worth approximately $38,000. Finally, Albion Financial Group UT acquired a new stake in shares of Mondelez International in the 4th quarter worth approximately $38,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on MDLZ shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 price objective on shares of Mondelez International in a report on Thursday, January 30th. Stifel Nicolaus decreased their price objective on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Piper Sandler cut shares of Mondelez International from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $70.00 to $63.00 in a research note on Friday, January 31st. The Goldman Sachs Group cut their target price on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Finally, UBS Group dropped their price objective on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research note 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 stock currently has an average rating of “Moderate Buy” and an average target price of $72.76.

Mondelez International Stock Down 2.2 %

MDLZ opened at $56.12 on Wednesday. Mondelez International, Inc. has a 12 month low of $55.88 and a 12 month high of $76.69. The business has a 50-day moving average of $59.94 and a two-hundred day moving average of $66.60. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. The stock has a market capitalization of $75.04 billion, a price-to-earnings ratio of 19.90, a price-to-earnings-growth ratio of 3.12 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. On average, research analysts expect that Mondelez International, Inc. will post 3.44 earnings per share for the current year.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s payout ratio is currently 66.67%.

Mondelez International declared that its board has approved a share repurchase program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 10.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors 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.