Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by FARMERS & MERCHANTS TRUST Co OF LONG BEACH

FARMERS & MERCHANTS TRUST Co OF LONG BEACH decreased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 4.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 35,725 shares of the company’s stock after selling 1,624 shares during the quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Mondelez International were worth $2,134,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of MDLZ. Mizuho Securities USA LLC raised its position in Mondelez International by 12,057.4% during the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock worth $926,327,000 after acquiring an additional 12,470,573 shares during the period. Ilex Capital Partners UK LLP acquired a new position in shares of Mondelez International during the 3rd quarter worth about $219,045,000. FMR LLC raised its position in shares of Mondelez International by 14.2% during the 3rd quarter. FMR LLC now owns 18,255,657 shares of the company’s stock worth $1,344,894,000 after purchasing an additional 2,268,639 shares during the last quarter. Holocene Advisors LP purchased a new position in Mondelez International in the 3rd quarter valued at about $159,823,000. Finally, National Bank of Canada FI boosted its holdings in Mondelez International by 173.7% in the 3rd quarter. National Bank of Canada FI now owns 3,049,440 shares of the company’s stock worth $224,652,000 after buying an additional 1,935,356 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on MDLZ shares. Wells Fargo & Company reissued an “equal weight” rating and set a $61.00 target price (down previously from $74.00) on shares of Mondelez International in a report on Tuesday, January 7th. Citigroup reduced their price objective on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Piper Sandler lowered their target price on shares of Mondelez International from $84.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday. UBS Group dropped their target price on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday. Finally, 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 price target on the stock. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.93.

Mondelez International Stock Performance

Mondelez International stock opened at $57.86 on Friday. The stock has a market cap of $77.37 billion, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 2.99 and a beta of 0.54. 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 50 day simple moving average of $61.76 and a 200-day simple moving average of $67.30. Mondelez International, Inc. has a 1-year low of $55.97 and a 1-year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. During the same quarter last year, the firm earned $0.82 earnings per share. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, analysts expect 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 was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were given a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 3.25%. Mondelez International’s payout ratio is currently 66.67%.

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