Sentry Investment Management LLC Has $320,000 Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Sentry Investment Management LLC decreased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 18.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 5,353 shares of the company’s stock after selling 1,250 shares during the period. Sentry Investment Management LLC’s holdings in Mondelez International were worth $320,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mizuho Securities USA LLC boosted its position in Mondelez International by 12,057.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock worth $926,327,000 after acquiring an additional 12,470,573 shares during the period. Van ECK Associates Corp lifted its position in shares of Mondelez International by 2,560.0% in the fourth quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company’s stock worth $203,749,000 after purchasing an additional 3,282,937 shares in the last quarter. Ilex Capital Partners UK LLP acquired a new stake in shares of Mondelez International during the third quarter worth approximately $219,045,000. FMR LLC boosted its holdings in shares of Mondelez International by 14.2% during the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock worth $1,344,894,000 after purchasing an additional 2,268,639 shares during the period. Finally, Holocene Advisors LP purchased a new position in Mondelez International during the third quarter valued at approximately $159,823,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Price Performance

NASDAQ MDLZ opened at $65.88 on Wednesday. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The company has a fifty day simple moving average of $59.15 and a 200 day simple moving average of $65.81. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The company has a market cap of $85.22 billion, a P/E ratio of 19.26, a P/E/G ratio of 4.34 and a beta of 0.54.

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

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

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is currently 54.97%.

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of research analyst reports. The Goldman Sachs Group cut their target price on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Royal Bank of Canada reduced their price objective on Mondelez International from $75.00 to $69.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. Stifel Nicolaus dropped their target price on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. DZ Bank downgraded Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target for the company. in a research note on Friday, February 7th. Finally, Piper Sandler cut Mondelez International from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $70.00 to $63.00 in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and an average price target 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.