Umpqua Bank Sells 187 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Umpqua Bank cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,340 shares of the company’s stock after selling 187 shares during the quarter. Umpqua Bank’s holdings in Mondelez International were worth $533,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. ICICI Prudential Asset Management Co Ltd increased its stake in Mondelez International by 430.0% in the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company’s stock worth $5,520,000 after purchasing an additional 74,975 shares during the period. Czech National Bank increased its stake in Mondelez International by 6.5% in the fourth quarter. Czech National Bank now owns 289,931 shares of the company’s stock worth $17,318,000 after purchasing an additional 17,815 shares during the period. Buckingham Capital Management Inc. increased its stake in Mondelez International by 25.5% in the fourth quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company’s stock worth $5,578,000 after purchasing an additional 18,961 shares during the period. Legacy Private Trust Co. increased its stake in Mondelez International by 33.2% in the fourth quarter. Legacy Private Trust Co. now owns 3,841 shares of the company’s stock worth $229,000 after purchasing an additional 957 shares during the period. Finally, Kennedy Investment Group purchased a new stake in Mondelez International in the fourth quarter worth $313,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Up 0.9 %

Shares of MDLZ stock opened at $64.51 on Friday. The stock has a 50 day moving average of $61.35 and a 200 day moving average of $65.18. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The stock has a market cap of $83.45 billion, a P/E ratio of 18.86, a P/E/G ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. As a group, sell-side analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International announced that its Board of Directors has approved a stock buyback program on Wednesday, December 11th that permits the company to buyback $9.00 billion in shares. This buyback authorization permits the company to purchase up to 10.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Mondelez International Dividend Announcement

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 given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MDLZ. Wells Fargo & Company reduced their target price on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. The Goldman Sachs Group cut their price target on Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Stifel Nicolaus cut their price target on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft cut their price target on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Wednesday, January 22nd. Finally, Piper Sandler lowered 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 research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $69.74.

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.