M. Kraus & Co Sells 224 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

M. Kraus & Co lowered its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 121,949 shares of the company’s stock after selling 224 shares during the period. Mondelez International makes up 2.2% of M. Kraus & Co’s portfolio, making the stock its 20th largest holding. M. Kraus & Co’s holdings in Mondelez International were worth $7,284,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Mondelez International by 35.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 36,242 shares of the company’s stock valued at $2,165,000 after acquiring an additional 9,567 shares during the period. Park Avenue Securities LLC grew its position in shares of Mondelez International by 21.2% during the 4th quarter. Park Avenue Securities LLC now owns 23,950 shares of the company’s stock worth $1,431,000 after purchasing an additional 4,193 shares in the last quarter. Board of the Pension Protection Fund bought a new position in shares of Mondelez International during the fourth quarter worth approximately $890,000. Rockland Trust Co. raised its position in shares of Mondelez International by 4.3% in the fourth quarter. Rockland Trust Co. now owns 7,233 shares of the company’s stock valued at $432,000 after buying an additional 301 shares in the last quarter. Finally, Community Trust & Investment Co. boosted its stake in shares of Mondelez International by 4.2% in the fourth quarter. Community Trust & Investment Co. now owns 162,824 shares of the company’s stock valued at $9,725,000 after buying an additional 6,562 shares during the period. 78.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of a number of recent research reports. Piper Sandler raised their price objective on Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Evercore ISI upped their price objective on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Redburn Atlantic started coverage on Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective on the stock. The Goldman Sachs Group decreased their target price on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Stifel Nicolaus upped their price target on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and an average target price of $76.79.

Mondelez International Price Performance

MDLZ opened at $57.10 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. Mondelez International, Inc. has a 1 year low of $55.97 and a 1 year high of $77.20. The firm has a market cap of $76.35 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 2.80 and a beta of 0.54. The stock’s 50 day simple moving average is $62.11 and its 200 day simple moving average is $67.44.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. During the same period in the previous year, the firm earned $0.82 EPS. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, analysts predict that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s payout ratio is 66.67%.

Mondelez International announced that its board has approved a share buyback program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are 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.