MV Capital Management Inc. Reduces Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

MV Capital Management Inc. reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 29.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 808 shares of the company’s stock after selling 341 shares during the quarter. MV Capital Management Inc.’s holdings in Mondelez International were worth $48,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. ICICI Prudential Asset Management Co Ltd lifted its stake in shares of Mondelez International by 430.0% in the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company’s stock valued at $5,520,000 after purchasing an additional 74,975 shares during the period. Czech National Bank lifted its position in Mondelez International by 6.5% during the fourth quarter. Czech National Bank now owns 289,931 shares of the company’s stock valued at $17,318,000 after buying an additional 17,815 shares during the period. Buckingham Capital Management Inc. boosted its holdings in shares of Mondelez International by 25.5% during the 4th quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company’s stock valued at $5,578,000 after buying an additional 18,961 shares in the last quarter. Legacy Private Trust Co. grew its position 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 worth $229,000 after buying an additional 957 shares during the period. Finally, Kennedy Investment Group bought a new position in shares of Mondelez International in the 4th quarter worth about $313,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Performance

MDLZ stock opened at $67.72 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The company has a market cap of $87.60 billion, a P/E ratio of 19.80, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The stock’s fifty day moving average price is $62.25 and its 200-day moving average price is $64.81.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. On average, equities analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a yield of 2.78%. Mondelez International’s dividend payout ratio is currently 54.97%.

Mondelez International announced that its Board of Directors has initiated a share repurchase plan on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to reacquire up to 10.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

MDLZ has been the topic of several research reports. Royal Bank of Canada dropped their price objective on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Stifel Nicolaus cut their price target on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Piper Sandler lifted their price objective on Mondelez International from $56.00 to $59.00 and gave the company a “neutral” rating in a research note on Thursday. Argus cut Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Morgan Stanley assumed coverage on Mondelez International in a research report on Monday, March 24th. They issued an “overweight” rating and a $69.00 price target for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $69.50.

About Mondelez International

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.