Mondelez International, Inc. (NASDAQ:MDLZ) Stock Position Reduced by FineMark National Bank & Trust

FineMark National Bank & Trust decreased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,018 shares of the company’s stock after selling 1,607 shares during the quarter. FineMark National Bank & Trust’s holdings in Mondelez International were worth $2,928,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. CoreFirst Bank & Trust bought a new stake in shares of Mondelez International in the 4th quarter valued at approximately $301,000. Vanguard Group Inc. lifted its stake in Mondelez International by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company’s stock valued at $7,910,477,000 after acquiring an additional 931,776 shares during the last quarter. LPL Financial LLC grew its position in Mondelez International by 6.4% in the fourth quarter. LPL Financial LLC now owns 1,521,753 shares of the company’s stock worth $90,894,000 after acquiring an additional 91,361 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Mondelez International in the fourth quarter worth approximately $30,919,000. Finally, AXQ Capital LP increased its stake in shares of Mondelez International by 200.2% during the 4th quarter. AXQ Capital LP now owns 27,004 shares of the company’s stock worth $1,613,000 after purchasing an additional 18,010 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Down 0.4 %

Shares of MDLZ stock opened at $64.69 on Wednesday. The stock has a market cap of $83.68 billion, a P/E ratio of 18.92, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The stock has a fifty day moving average price of $61.67 and a 200 day moving average price of $64.91. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data 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 return on equity of 16.75% and a net margin of 12.68%. Analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be paid a $0.47 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.91%. Mondelez International’s dividend payout ratio is currently 54.97%.

Mondelez International declared that its board has approved a stock buyback program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 10.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MDLZ. Citigroup decreased their price objective on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft decreased their price target on Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research note on Wednesday, January 22nd. Royal Bank of Canada cut their price objective on Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Barclays decreased their target price on Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Finally, Piper Sandler lowered shares of Mondelez International from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $70.00 to $63.00 in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and an average price target of $69.70.

About Mondelez International

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.