2,049 Shares in Mondelez International, Inc. (NASDAQ:MDLZ) Acquired by Crews Bank & Trust

Crews Bank & Trust purchased a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,049 shares of the company’s stock, valued at approximately $122,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in MDLZ. Czech National Bank raised its stake in Mondelez International by 6.5% in the 4th quarter. Czech National Bank now owns 289,931 shares of the company’s stock worth $17,318,000 after acquiring an additional 17,815 shares during the last quarter. Legacy Private Trust Co. boosted its holdings in shares of Mondelez International by 33.2% in the 4th quarter. Legacy Private Trust Co. now owns 3,841 shares of the company’s stock valued at $229,000 after acquiring an additional 957 shares during the last quarter. Kennedy Investment Group acquired a new stake in shares of Mondelez International in the fourth quarter worth $313,000. Benjamin Edwards Inc. raised its holdings in shares of Mondelez International by 1,904.9% during 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 during the last quarter. Finally, Kingsview Wealth Management LLC lifted its position in Mondelez International by 14.3% during the third quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company’s stock valued at $8,430,000 after purchasing an additional 14,278 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Jefferies Financial Group cut Mondelez International from a “buy” rating to a “hold” rating and decreased their price objective for the company from $75.00 to $62.00 in a report on Tuesday, January 21st. Piper Sandler downgraded Mondelez International from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $70.00 to $63.00 in a report on Friday. Redburn Atlantic began coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective on the stock. Bank of America boosted their target price on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Finally, Stifel Nicolaus dropped their price target on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $72.76.

Mondelez International Trading Down 0.7 %

Shares of MDLZ stock opened at $57.99 on Friday. Mondelez International, Inc. has a fifty-two week low of $55.97 and a fifty-two week high of $77.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The stock’s fifty day moving average is $60.22 and its two-hundred day moving average is $66.71. The firm has a market capitalization of $77.54 billion, a P/E ratio of 20.56, a PEG ratio of 3.05 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm 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 firm posted $0.82 earnings per share. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. Research analysts expect that Mondelez International, Inc. will post 3.44 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.24%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s dividend payout ratio is currently 66.67%.

Mondelez International declared that its Board of Directors has approved a share 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 stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is 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.