National Bank of Canada FI Sells 705,445 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

National Bank of Canada FI decreased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 23.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,343,995 shares of the company’s stock after selling 705,445 shares during the quarter. National Bank of Canada FI owned approximately 0.18% of Mondelez International worth $140,001,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of MDLZ. Marshall Investment Management LLC acquired a new stake in shares of Mondelez International in the 4th quarter valued at $26,000. Hager Investment Management Services LLC bought a new position in Mondelez International during the 4th quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in Mondelez International in the fourth quarter valued at about $31,000. Sierra Ocean LLC bought a new stake in Mondelez International during the fourth quarter worth about $32,000. Finally, McClarren Financial Advisors Inc. bought a new stake in Mondelez International during the fourth quarter worth about $32,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Trading Up 0.2 %

NASDAQ MDLZ opened at $67.85 on Tuesday. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The stock has a 50-day simple moving average of $62.45 and a 200 day simple moving average of $64.70. 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 company has a market capitalization of $87.77 billion, a PE ratio of 19.84, a P/E/G ratio of 4.34 and a beta of 0.50.

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

Mondelez International declared that its board has authorized a stock buyback program on Wednesday, December 11th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 10.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is 54.97%.

Analyst Upgrades and Downgrades

MDLZ has been the topic of several recent analyst reports. The Goldman Sachs Group reduced their target price on Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Jefferies Financial Group downgraded Mondelez International from a “buy” rating to a “hold” rating and cut their price objective for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. Piper Sandler increased their target price on Mondelez International from $56.00 to $59.00 and gave the stock a “neutral” rating in a report on Thursday, March 27th. Morgan Stanley started coverage on Mondelez International in a report on Monday, March 24th. They issued an “overweight” rating and a $69.00 price target for the company. Finally, Argus lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $69.50.

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.