KBC Group NV Sells 184,208 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

KBC Group NV reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 18.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 820,667 shares of the company’s stock after selling 184,208 shares during the period. KBC Group NV owned approximately 0.06% of Mondelez International worth $49,018,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of MDLZ. Mizuho Securities USA LLC lifted its position in Mondelez International by 12,057.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock valued at $926,327,000 after acquiring an additional 12,470,573 shares in the last quarter. Ilex Capital Partners UK LLP bought a new position in shares of Mondelez International in the third quarter valued at approximately $219,045,000. FMR LLC boosted its position in shares of Mondelez International by 14.2% during the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock valued at $1,344,894,000 after buying an additional 2,268,639 shares during the last quarter. Holocene Advisors LP bought a new stake in Mondelez International during the third quarter worth $159,823,000. Finally, National Bank of Canada FI raised its position 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 valued at $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.

Mondelez International Stock Up 1.6 %

Shares of NASDAQ MDLZ opened at $58.32 on Tuesday. The business has a 50-day simple moving average of $60.74 and a two-hundred day simple moving average of $66.95. Mondelez International, Inc. has a 52 week low of $55.97 and a 52 week high of $77.20. The company has a market cap of $77.98 billion, a P/E ratio of 20.68, a P/E/G ratio of 2.96 and a beta of 0.54. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. The company had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. Mondelez International’s revenue was up 1.9% compared to the same quarter last year. During the same period last year, the business earned $0.82 earnings per share. Research analysts anticipate that Mondelez International, Inc. will post 3.45 earnings per share for the current fiscal year.

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

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s payout ratio is 66.67%.

Analyst Ratings Changes

MDLZ has been the topic of a number of analyst reports. Jefferies Financial Group downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and cut their price objective for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research report on Wednesday, January 22nd. Citigroup cut their target price on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Stifel Nicolaus dropped their price target on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a report on Friday. Finally, Piper Sandler reduced their price objective on Mondelez International from $84.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and an average price target of $73.06.

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.