Strategic Financial Services Inc. Sells 1,287 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Strategic Financial Services Inc. lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 8.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,424 shares of the company’s stock after selling 1,287 shares during the period. Strategic Financial Services Inc.’s holdings in Mondelez International were worth $862,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Royal London Asset Management Ltd. grew its position in shares of Mondelez International by 1.1% in the 4th quarter. Royal London Asset Management Ltd. now owns 557,546 shares of the company’s stock valued at $33,302,000 after buying an additional 6,121 shares during the last quarter. First Financial Bankshares Inc grew its position in shares of Mondelez International by 1.7% in the 4th quarter. First Financial Bankshares Inc now owns 1,213,261 shares of the company’s stock valued at $72,468,000 after buying an additional 19,878 shares during the last quarter. Generali Investments Management Co LLC bought a new stake in shares of Mondelez International in the 4th quarter valued at about $1,277,000. Harvest Fund Management Co. Ltd grew its position in shares of Mondelez International by 27.9% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 78,697 shares of the company’s stock valued at $4,643,000 after buying an additional 17,166 shares during the last quarter. Finally, Vinva Investment Management Ltd grew its position in shares of Mondelez International by 7.7% in the 4th quarter. Vinva Investment Management Ltd now owns 66,957 shares of the company’s stock valued at $3,988,000 after buying an additional 4,766 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

MDLZ has been the topic of a number of recent analyst reports. UBS Group dropped their price objective on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Dbs Bank downgraded Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. Piper Sandler downgraded Mondelez International from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $70.00 to $63.00 in a research note on Friday, January 31st. Argus downgraded Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Stifel Nicolaus dropped their price objective on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and an average target price of $69.74.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $64.00 on Thursday. The company has a market cap of $82.79 billion, a PE ratio of 18.71, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The business has a 50 day moving average price of $61.07 and a 200-day moving average price of $65.24. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 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 anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio is presently 54.97%.

Mondelez International declared that its board has initiated a stock repurchase plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to repurchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership 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.