Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Enterprise Bank & Trust Co

Enterprise Bank & Trust Co trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 4.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,303 shares of the company’s stock after selling 1,078 shares during the quarter. Enterprise Bank & Trust Co’s holdings in Mondelez International were worth $1,392,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in MDLZ. Truvestments Capital LLC acquired a new position in Mondelez International during the third quarter worth approximately $25,000. Prospera Private Wealth LLC purchased a new stake in Mondelez International during the 3rd quarter valued at approximately $27,000. Richardson Financial Services Inc. increased its stake in Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after buying an additional 200 shares during the period. Highline Wealth Partners LLC purchased a new stake in shares of Mondelez International in the third quarter valued at approximately $38,000. Finally, Hara Capital LLC purchased a new stake in Mondelez International during the third quarter worth about $45,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of recent research reports. Bank of America raised their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Citigroup cut their price objective on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Wells Fargo & Company restated an “equal weight” rating and issued a $61.00 price target (down previously from $74.00) on shares of Mondelez International in a report on Tuesday, January 7th. Evercore ISI increased their price target on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Finally, Piper Sandler upped their price target on shares of Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $77.64.

Mondelez International Stock Up 0.4 %

MDLZ stock traded up $0.23 during mid-day trading on Monday, hitting $56.48. The stock had a trading volume of 11,667,051 shares, compared to its average volume of 9,189,110. Mondelez International, Inc. has a 1-year low of $55.97 and a 1-year high of $77.20. The company has a fifty day moving average of $62.59 and a 200 day moving average of $67.57. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $75.52 billion, a price-to-earnings ratio of 20.03, a PEG ratio of 2.80 and a beta of 0.54.

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

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be paid a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.33%. Mondelez International’s payout ratio is 66.67%.

Mondelez International declared that its board has approved a share buyback plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership 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.