Wells Fargo & Company MN Has $605.50 Million Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Wells Fargo & Company MN trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,137,241 shares of the company’s stock after selling 41,503 shares during the quarter. Wells Fargo & Company MN owned approximately 0.76% of Mondelez International worth $605,497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in MDLZ. Norges Bank acquired a new position in Mondelez International during the fourth quarter worth $1,118,755,000. Raymond James Financial Inc. acquired a new position in shares of Mondelez International during the 4th quarter valued at about $256,832,000. Van ECK Associates Corp raised its stake in shares of Mondelez International by 2,560.0% in the 4th quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company’s stock valued at $203,749,000 after acquiring an additional 3,282,937 shares in the last quarter. National Bank of Canada FI lifted its holdings in Mondelez International by 173.7% in the 3rd quarter. National Bank of Canada FI now owns 3,049,440 shares of the company’s stock worth $224,652,000 after purchasing an additional 1,935,356 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in Mondelez International by 13.5% during the fourth quarter. Franklin Resources Inc. now owns 8,806,832 shares of the company’s stock worth $526,032,000 after purchasing an additional 1,049,498 shares during the period. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MDLZ. Stifel Nicolaus reduced their price objective on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Piper Sandler boosted their target price on shares of Mondelez International from $56.00 to $59.00 and gave the stock a “neutral” rating in a research report on Thursday, March 27th. Wells Fargo & Company upped their price target on shares of Mondelez International from $64.00 to $68.00 and gave the company an “equal weight” rating in a report on Wednesday. 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. Finally, DZ Bank downgraded Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 target price for the company. in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $70.20.

Mondelez International Stock Down 2.3 %

Shares of NASDAQ MDLZ opened at $66.31 on Friday. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The business has a fifty day moving average of $63.25 and a two-hundred day moving average of $64.61. The stock has a market cap of $85.77 billion, a PE ratio of 19.39, a PEG ratio of 4.34 and a beta of 0.47.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. As a group, equities research analysts expect 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 dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Monday, March 31st. Mondelez International’s payout ratio is presently 54.97%.

Mondelez International declared that its Board of Directors has authorized 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 stock is undervalued.

Mondelez International Company 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.