Mondelez International, Inc. (NASDAQ:MDLZ) Stock Position Increased by Avalon Trust Co

Avalon Trust Co grew its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 354,126 shares of the company's stock after purchasing an additional 5,735 shares during the quarter. Mondelez International accounts for 1.5% of Avalon Trust Co's investment portfolio, making the stock its 19th biggest position. Avalon Trust Co's holdings in Mondelez International were worth $21,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the stock. United Bank boosted its stake in shares of Mondelez International by 12.7% in the third quarter. United Bank now owns 22,649 shares of the company's stock valued at $1,669,000 after purchasing an additional 2,549 shares during the period. Versor Investments LP acquired a new position in Mondelez International in the 3rd quarter worth $243,000. Oppenheimer & Co. Inc. boosted its position in Mondelez International by 8.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 43,897 shares of the company's stock valued at $3,234,000 after buying an additional 3,373 shares during the last quarter. Kovack Advisors Inc. purchased a new stake in shares of Mondelez International during the third quarter worth about $312,000. Finally, Curi RMB Capital LLC increased its position in shares of Mondelez International by 17.8% during the third quarter. Curi RMB Capital LLC now owns 12,393 shares of the company's stock worth $913,000 after acquiring an additional 1,873 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

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Mondelez International Stock Performance

MDLZ stock traded down $0.05 on Thursday, reaching $63.95. The company's stock had a trading volume of 6,013,605 shares, compared to its average volume of 7,432,299. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The company has a market capitalization of $82.72 billion, a P/E ratio of 18.70, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The firm has a fifty day moving average of $61.07 and a two-hundred day moving average of $65.24.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly 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%. As a group, analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International declared that its board has initiated a stock repurchase plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 2.94%. Mondelez International's payout ratio is 54.97%.

Analysts Set New Price Targets

A number of brokerages have weighed in on MDLZ. Jefferies Financial Group lowered Mondelez International from a "buy" rating to a "hold" rating and lowered their price objective for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. Barclays dropped their price target on shares of Mondelez International from $69.00 to $63.00 and set an "overweight" rating for the company in a research note on Thursday, February 6th. Royal Bank of Canada cut their price target on shares of Mondelez International from $75.00 to $69.00 and set an "outperform" rating on the stock in a report on Thursday, February 6th. Piper Sandler downgraded shares of Mondelez International from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $70.00 to $63.00 in a research report on Friday, January 31st. Finally, Stifel Nicolaus reduced 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. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $69.74.

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.