Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 7.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 278,497 shares of the company’s stock after buying an additional 19,506 shares during the period. Crossmark Global Holdings Inc.’s holdings in Mondelez International were worth $16,634,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Czech National Bank lifted its holdings in Mondelez International by 6.5% in the fourth quarter. Czech National Bank now owns 289,931 shares of the company’s stock valued at $17,318,000 after acquiring an additional 17,815 shares during the period. Legacy Private Trust Co. grew its position in Mondelez International by 33.2% during the fourth quarter. Legacy Private Trust Co. now owns 3,841 shares of the company’s stock worth $229,000 after buying an additional 957 shares during the period. Benjamin Edwards Inc. increased its holdings in Mondelez International by 1,904.9% in the third quarter. Benjamin Edwards Inc. now owns 425,805 shares of the company’s stock valued at $31,369,000 after buying an additional 404,567 shares in the last quarter. Kingsview Wealth Management LLC lifted its position in shares of Mondelez International by 14.3% during the 3rd quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company’s stock valued at $8,430,000 after acquiring an additional 14,278 shares during the period. Finally, Miracle Mile Advisors LLC grew its holdings in shares of Mondelez International by 374.9% in the 4th quarter. Miracle Mile Advisors LLC now owns 22,124 shares of the company’s stock worth $1,321,000 after acquiring an additional 17,465 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $57.86 on Tuesday. The stock’s fifty day simple moving average is $61.59 and its 200 day simple moving average is $67.26. Mondelez International, Inc. has a 12 month low of $55.97 and a 12 month high of $77.20. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $77.37 billion, a PE ratio of 20.52, a PEG ratio of 3.12 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating 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 business had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. During the same period last year, the business posted $0.82 EPS. Mondelez International’s revenue was up 1.9% on a year-over-year basis. On average, research analysts predict that Mondelez International, Inc. will post 3.47 EPS for the current year.

Mondelez International declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 10.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were given 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 (DPR) is currently 66.67%.

Analysts Set New Price Targets

Several analysts have issued reports on MDLZ shares. Piper Sandler reduced their price target on shares of Mondelez International from $84.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. UBS Group reduced their target price on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Citigroup dropped their price target on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. The Goldman Sachs Group lowered their price objective on Mondelez International from $79.00 to $68.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Finally, Redburn Atlantic assumed coverage on Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.