Mondelez International, Inc. (NASDAQ:MDLZ) Stake Cut by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 58.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,884 shares of the company’s stock after selling 55,209 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Mondelez International were worth $2,382,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in MDLZ. Morton Community Bank lifted its position in Mondelez International by 2.4% in the 4th quarter. Morton Community Bank now owns 46,130 shares of the company’s stock worth $2,755,000 after buying an additional 1,075 shares in the last quarter. Independent Advisor Alliance increased its stake in shares of Mondelez International by 2.6% in the fourth quarter. Independent Advisor Alliance now owns 53,749 shares of the company’s stock worth $3,210,000 after acquiring an additional 1,349 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Mondelez International by 44.9% during the fourth quarter. Daiwa Securities Group Inc. now owns 360,886 shares of the company’s stock worth $21,556,000 after acquiring an additional 111,819 shares in the last quarter. Saybrook Capital NC boosted its position in Mondelez International by 30.9% during the fourth quarter. Saybrook Capital NC now owns 177,638 shares of the company’s stock valued at $10,610,000 after purchasing an additional 41,915 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new position in Mondelez International in the fourth quarter valued at about $16,833,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Performance

MDLZ opened at $67.85 on Wednesday. The stock has a market cap of $87.77 billion, a PE ratio of 19.84, a P/E/G ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The stock’s 50 day simple moving average is $60.39 and its 200-day simple moving average is $65.48. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last announced 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 net margin of 12.68% and a return on equity of 16.75%. Sell-side analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio is 54.97%.

Mondelez International declared that its Board of Directors has initiated a share buyback program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 10.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Several brokerages have recently issued reports on MDLZ. UBS Group reduced their price target on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Piper Sandler downgraded Mondelez International from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $70.00 to $63.00 in a research note on Friday, January 31st. Argus cut Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Dbs Bank lowered shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. Finally, Wells Fargo & Company decreased their price objective on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.74.

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.