Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Beta Wealth Group Inc.

Beta Wealth Group Inc. reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 86.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,221 shares of the company’s stock after selling 48,045 shares during the period. Beta Wealth Group Inc.’s holdings in Mondelez International were worth $431,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Czech National Bank boosted its stake in 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 purchasing an additional 17,815 shares in the last quarter. Legacy Private Trust Co. boosted its stake in Mondelez International by 33.2% during the fourth quarter. Legacy Private Trust Co. now owns 3,841 shares of the company’s stock valued at $229,000 after buying an additional 957 shares in the last quarter. Kennedy Investment Group bought a new position in Mondelez International during the fourth quarter valued at about $313,000. Benjamin Edwards Inc. grew its holdings in Mondelez International by 1,904.9% during the third quarter. Benjamin Edwards Inc. now owns 425,805 shares of the company’s stock worth $31,369,000 after acquiring an additional 404,567 shares during the period. Finally, Kingsview Wealth Management LLC raised its position in Mondelez International by 14.3% in the third quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company’s stock worth $8,430,000 after acquiring an additional 14,278 shares in the last quarter. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Performance

Shares of MDLZ opened at $60.82 on Tuesday. The firm has a market cap of $81.33 billion, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 4.04 and a beta of 0.54. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The company’s fifty day moving average is $58.98 and its 200-day moving average is $66.11. The company has a quick ratio of 0.42, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Equities analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be paid a $0.47 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a yield of 3.09%. Mondelez International’s payout ratio is presently 54.97%.

Mondelez International declared that its board has approved a share repurchase program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 10.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on MDLZ shares. Stifel Nicolaus reduced their target price on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a report on Friday, January 24th. Piper Sandler lowered Mondelez International from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $70.00 to $63.00 in a research note on Friday, January 31st. Citigroup cut their target price on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft decreased their price target on Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research report on Wednesday, January 22nd. Finally, Mizuho boosted their price objective on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $69.74.

About Mondelez International

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.