Norway Savings Bank Sells 293 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Norway Savings Bank cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,666 shares of the company’s stock after selling 293 shares during the quarter. Norway Savings Bank’s holdings in Mondelez International were worth $1,533,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Benjamin Edwards Inc. boosted its stake in Mondelez International by 1,904.9% in the third quarter. Benjamin Edwards Inc. now owns 425,805 shares of the company’s stock worth $31,369,000 after purchasing an additional 404,567 shares in the last quarter. Kingsview Wealth Management LLC raised its stake in shares of Mondelez International by 14.3% in the third quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company’s stock worth $8,430,000 after acquiring an additional 14,278 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Mondelez International by 11.6% during the third quarter. Daiwa Securities Group Inc. now owns 249,067 shares of the company’s stock worth $18,349,000 after purchasing an additional 25,833 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Mondelez International by 5.6% during the third quarter. Principal Financial Group Inc. now owns 1,567,067 shares of the company’s stock valued at $115,446,000 after purchasing an additional 82,742 shares during the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of Mondelez International by 0.7% in the third quarter. HighTower Advisors LLC now owns 1,354,879 shares of the company’s stock valued at $99,822,000 after purchasing an additional 9,789 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

MDLZ has been the topic of a number of recent research reports. Citigroup decreased their price objective on Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Stifel Nicolaus boosted their price objective on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Redburn Atlantic started coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price on the stock. Piper Sandler boosted their price target 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. Finally, Wells Fargo & Company reiterated an “equal weight” rating and set a $61.00 target price (down previously from $74.00) on shares of Mondelez International in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and an average price target of $78.14.

Mondelez International Stock Up 0.5 %

Shares of MDLZ traded up $0.28 during midday trading on Tuesday, hitting $58.50. The stock had a trading volume of 6,439,530 shares, compared to its average volume of 7,170,443. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. The firm has a market cap of $78.23 billion, a price-to-earnings ratio of 20.74, a price-to-earnings-growth ratio of 2.80 and a beta of 0.54. The company has a 50 day simple moving average of $63.48 and a two-hundred day simple moving average of $67.84. Mondelez International, Inc. has a twelve month low of $57.81 and a twelve month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data 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 company had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. During the same period last year, the company earned $0.82 earnings per share. The firm’s revenue was up 1.9% compared to the same quarter last year. On average, analysts anticipate that Mondelez International, Inc. will post 3.48 EPS for the current year.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date is Tuesday, December 31st. Mondelez International’s dividend payout ratio is currently 66.67%.

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

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.