Howe & Rusling Inc. Sells 16,539 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Howe & Rusling Inc. reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 15.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 91,831 shares of the company’s stock after selling 16,539 shares during the period. Howe & Rusling Inc.’s holdings in Mondelez International were worth $5,485,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. ICICI Prudential Asset Management Co Ltd increased its holdings in shares of Mondelez International by 430.0% during the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company’s stock worth $5,520,000 after buying an additional 74,975 shares in the last quarter. Czech National Bank increased its holdings in Mondelez International by 6.5% during the 4th quarter. Czech National Bank now owns 289,931 shares of the company’s stock valued at $17,318,000 after purchasing an additional 17,815 shares in the last quarter. Buckingham Capital Management Inc. increased its holdings in Mondelez International by 25.5% during the 4th quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company’s stock valued at $5,578,000 after purchasing an additional 18,961 shares in the last quarter. Legacy Private Trust Co. raised its position in Mondelez International by 33.2% in the 4th quarter. Legacy Private Trust Co. now owns 3,841 shares of the company’s stock valued at $229,000 after purchasing an additional 957 shares during the last quarter. Finally, Kennedy Investment Group acquired a new position in Mondelez International in the fourth quarter worth $313,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Up 2.5 %

Shares of NASDAQ:MDLZ opened at $66.33 on Thursday. The company has a 50 day moving average price of $61.87 and a two-hundred day moving average price of $64.92. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The company has a market capitalization of $85.80 billion, a PE ratio of 19.39, a PEG ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International declared that its board has authorized a stock buyback plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Mizuho raised their target price on Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, February 14th. Argus downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and decreased their price target for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. Piper Sandler lowered shares of 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 report on Friday, January 31st. Finally, DZ Bank downgraded Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective on the stock. in a report on Friday, February 7th. One research 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.70.

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.