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

Union Savings Bank lowered its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 9,162 shares of the company’s stock after selling 489 shares during the period. Union Savings Bank’s holdings in Mondelez International were worth $547,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of MDLZ. Guinness Atkinson Asset Management Inc increased its holdings in shares of Mondelez International by 23.4% in the 4th quarter. Guinness Atkinson Asset Management Inc now owns 15,704 shares of the company’s stock valued at $938,000 after acquiring an additional 2,977 shares during the last quarter. Guinness Asset Management LTD raised its holdings in shares of Mondelez International by 5.2% during the fourth quarter. Guinness Asset Management LTD now owns 3,065,411 shares of the company’s stock worth $183,062,000 after purchasing an additional 152,537 shares during the period. Diversify Wealth Management LLC bought a new position in shares of Mondelez International in the 4th quarter worth about $229,000. Grove Bank & Trust raised its stake in Mondelez International by 2.5% during the fourth quarter. Grove Bank & Trust now owns 9,982 shares of the company’s stock worth $596,000 after acquiring an additional 240 shares during the period. Finally, Ballast Inc. boosted its stake in Mondelez International by 39.8% in the fourth quarter. Ballast Inc. now owns 19,260 shares of the company’s stock valued at $1,150,000 after acquiring an additional 5,481 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of MDLZ opened at $57.86 on Monday. The company has a 50-day moving average of $61.59 and a two-hundred day moving average of $67.25. The stock has a market cap of $77.37 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 2.99 and a beta of 0.54. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. Mondelez International, Inc. has a one year low of $55.97 and a one year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.11 billion. During the same period in the previous year, the company posted $0.82 EPS. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, equities research analysts expect that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.25%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s dividend payout ratio is currently 66.67%.

Mondelez International declared that its Board of Directors has authorized a share repurchase plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 10.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of research analysts recently commented on MDLZ shares. Deutsche Bank Aktiengesellschaft downgraded Mondelez International from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $78.00 to $67.00 in a research note on Thursday, December 12th. Evercore ISI lifted their price objective on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Redburn Atlantic initiated coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target on the stock. UBS Group reduced their price objective on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Piper Sandler decreased their price target on Mondelez International from $84.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and an average target price of $74.93.

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.