M. Kraus & Co Sells 224 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

M. Kraus & Co lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 121,949 shares of the company’s stock after selling 224 shares during the period. Mondelez International accounts for 2.2% of M. Kraus & Co’s investment portfolio, making the stock its 20th largest holding. M. Kraus & Co’s holdings in Mondelez International were worth $7,284,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Mondelez International by 35.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 36,242 shares of the company’s stock worth $2,165,000 after purchasing an additional 9,567 shares in the last quarter. Park Avenue Securities LLC boosted its stake in Mondelez International by 21.2% during the fourth quarter. Park Avenue Securities LLC now owns 23,950 shares of the company’s stock valued at $1,431,000 after buying an additional 4,193 shares during the last quarter. Board of the Pension Protection Fund bought a new stake in Mondelez International in the fourth quarter worth $890,000. Rockland Trust Co. increased its holdings in shares of Mondelez International by 4.3% in the 4th quarter. Rockland Trust Co. now owns 7,233 shares of the company’s stock worth $432,000 after buying an additional 301 shares during the last quarter. Finally, Community Trust & Investment Co. lifted its holdings in shares of Mondelez International by 4.2% in the 4th quarter. Community Trust & Investment Co. now owns 162,824 shares of the company’s stock valued at $9,725,000 after acquiring an additional 6,562 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

MDLZ opened at $57.10 on Wednesday. The company has a market cap of $76.35 billion, a P/E ratio of 20.25, a price-to-earnings-growth ratio of 2.80 and a beta of 0.54. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The firm’s 50-day moving average price is $62.11 and its 200-day moving average price is $67.44. Mondelez International, Inc. has a 52-week low of $55.97 and a 52-week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. During the same quarter in the prior year, the business posted $0.82 EPS. Mondelez International’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, equities analysts anticipate that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Mondelez International announced that its Board of Directors has approved a share buyback plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.47 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 3.29%. Mondelez International’s dividend payout ratio is currently 66.67%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Bank of America boosted their target price on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Wells Fargo & Company reiterated an “equal weight” rating and set a $61.00 price objective (down from $74.00) on shares of Mondelez International in a research note on Tuesday, January 7th. Piper Sandler boosted their price objective on shares of Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Stifel Nicolaus increased their target price on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, The Goldman Sachs Group reduced their price target on Mondelez International from $79.00 to $68.00 and set a “buy” rating for the company in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $76.79.

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.