Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Weaver Capital Management LLC

Weaver Capital Management LLC lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 25.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,043 shares of the company’s stock after selling 5,607 shares during the quarter. Weaver Capital Management LLC’s holdings in Mondelez International were worth $958,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Czech National Bank boosted its holdings in Mondelez International by 6.5% during the third quarter. Czech National Bank now owns 272,116 shares of the company’s stock worth $20,047,000 after buying an additional 16,507 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Mondelez International by 48.1% during the third quarter. GAMMA Investing LLC now owns 20,694 shares of the company’s stock worth $1,525,000 after buying an additional 6,719 shares in the last quarter. Heartwood Wealth Advisors LLC bought a new stake in Mondelez International during the third quarter worth approximately $204,000. Greenfield Savings Bank boosted its stake in Mondelez International by 14.0% in the 3rd quarter. Greenfield Savings Bank now owns 17,904 shares of the company’s stock worth $1,319,000 after purchasing an additional 2,193 shares during the period. Finally, Bangor Savings Bank boosted its stake in Mondelez International by 89.0% in the 3rd quarter. Bangor Savings Bank now owns 4,794 shares of the company’s stock worth $353,000 after purchasing an additional 2,258 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on MDLZ. The Goldman Sachs Group decreased their price objective on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Bank of America raised their price target on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Redburn Atlantic started coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target on the stock. Piper Sandler downgraded shares of Mondelez International from an “overweight” rating to a “neutral” rating and cut their price target for the company from $70.00 to $63.00 in a report on Friday, January 31st. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $75.00 target price on shares of Mondelez International in a research note on Thursday, January 30th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $72.76.

Mondelez International Trading Down 2.2 %

Shares of NASDAQ MDLZ opened at $56.12 on Wednesday. Mondelez International, Inc. has a 1-year low of $55.88 and a 1-year high of $76.69. The company has a market cap of $75.04 billion, a PE ratio of 19.90, a P/E/G ratio of 3.12 and a beta of 0.54. 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 50-day moving average of $59.94 and a two-hundred day moving average of $66.60.

Mondelez International (NASDAQ:MDLZ) last announced 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 17.53% and a net margin of 10.58%. As a group, equities analysts expect that Mondelez International, Inc. will post 3.44 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is 66.67%.

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

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.