Villere ST Denis J & Co. LLC Cuts Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Villere ST Denis J & Co. LLC lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 354,046 shares of the company’s stock after selling 1,544 shares during the period. Villere ST Denis J & Co. LLC’s holdings in Mondelez International were worth $21,147,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of MDLZ. Creative Planning grew its position in shares of Mondelez International by 4.8% during the third quarter. Creative Planning now owns 343,226 shares of the company’s stock valued at $25,285,000 after purchasing an additional 15,845 shares in the last quarter. Twelve Points Wealth Management LLC grew its position in shares of Mondelez International by 7.1% during the third quarter. Twelve Points Wealth Management LLC now owns 4,247 shares of the company’s stock valued at $313,000 after purchasing an additional 280 shares in the last quarter. Good Life Advisors LLC grew its position in shares of Mondelez International by 44.0% during the third quarter. Good Life Advisors LLC now owns 6,373 shares of the company’s stock valued at $469,000 after purchasing an additional 1,946 shares in the last quarter. Global Retirement Partners LLC grew its position in shares of Mondelez International by 14.2% during the third quarter. Global Retirement Partners LLC now owns 18,278 shares of the company’s stock valued at $1,347,000 after purchasing an additional 2,270 shares in the last quarter. Finally, Marshall Financial Group LLC grew its position in shares of Mondelez International by 3.0% during the third quarter. Marshall Financial Group LLC now owns 5,715 shares of the company’s stock valued at $421,000 after purchasing an additional 166 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Down 0.6 %

Shares of NASDAQ MDLZ opened at $60.82 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.42. The company has a market cap of $81.33 billion, a P/E ratio of 17.78, a PEG ratio of 4.04 and a beta of 0.54. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The firm has a 50-day simple moving average of $59.02 and a two-hundred day simple moving average of $66.18.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share 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%. Research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

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

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.09%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio is presently 54.97%.

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of research analyst reports. Piper Sandler lowered Mondelez International from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $70.00 to $63.00 in a research report on Friday, January 31st. DZ Bank lowered Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target for the company. in a research report on Friday, February 7th. Stifel Nicolaus dropped their price target on Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, January 24th. UBS Group dropped their price target on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, Dbs Bank lowered Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.74.

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.