Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC reduced its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 4.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,885,587 shares of the company's stock after selling 119,082 shares during the quarter. CIBC Private Wealth Group LLC owned approximately 0.22% of Mondelez International worth $168,201,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. RWA Wealth Partners LLC grew its holdings in shares of Mondelez International by 7.3% during the fourth quarter. RWA Wealth Partners LLC now owns 16,712 shares of the company's stock worth $998,000 after buying an additional 1,131 shares in the last quarter. Schroder Investment Management Group boosted its position in Mondelez International by 3.5% during the fourth quarter. Schroder Investment Management Group now owns 501,794 shares of the company's stock worth $29,651,000 after acquiring an additional 16,830 shares during the last quarter. Allianz SE acquired a new position in Mondelez International in the 4th quarter valued at $6,889,000. Transamerica Financial Advisors Inc. raised its holdings in Mondelez International by 28.8% in the 4th quarter. Transamerica Financial Advisors Inc. now owns 18,092 shares of the company's stock valued at $1,081,000 after acquiring an additional 4,043 shares during the last quarter. Finally, Allstate Corp acquired a new stake in shares of Mondelez International during the fourth quarter worth $2,379,000. Institutional investors and hedge funds own 78.32% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts recently commented on MDLZ shares. Piper Sandler upped their target price on Mondelez International from $56.00 to $59.00 and gave the company a "neutral" rating in a research note on Thursday, March 27th. Royal Bank of Canada cut their price objective 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. DZ Bank cut shares of Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 target price on the stock. in a research report on Friday, February 7th. Mizuho upped their price target on shares of Mondelez International from $64.00 to $70.00 and gave the stock an "outperform" rating in a research report on Friday, February 14th. Finally, Dbs Bank downgraded Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $70.20.

Mondelez International Stock Up 2.3 %

NASDAQ:MDLZ traded up $1.54 on Thursday, reaching $67.67. The stock had a trading volume of 6,333,784 shares, compared to its average volume of 10,692,673. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The stock has a market cap of $87.53 billion, a P/E ratio of 19.79, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average of $62.85 and a 200 day moving average of $64.66.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. On average, research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be paid a $0.47 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.78%. Mondelez International's dividend payout ratio (DPR) is presently 54.97%.

Mondelez International declared that its Board of Directors has authorized a stock buyback program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to purchase up to 10.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

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.