Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Howe & Rusling Inc.

Howe & Rusling Inc. decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 15.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 91,831 shares of the company's stock after selling 16,539 shares during the quarter. Howe & Rusling Inc.'s holdings in Mondelez International were worth $5,485,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Truvestments Capital LLC bought a new position in Mondelez International in the third quarter worth approximately $25,000. Marshall Investment Management LLC bought a new position in shares of Mondelez International in the 4th quarter worth $26,000. Hager Investment Management Services LLC purchased a new stake in shares of Mondelez International during the 4th quarter worth $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in Mondelez International during the fourth quarter valued at about $31,000. Finally, McClarren Financial Advisors Inc. purchased a new position in Mondelez International in the fourth quarter valued at about $32,000. Hedge funds and other institutional investors own 78.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Piper Sandler raised their price target on shares of Mondelez International from $56.00 to $59.00 and gave the company a "neutral" rating in a report on Thursday. Citigroup dropped 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. Dbs Bank downgraded Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, February 7th. Mizuho lifted their price objective on shares of Mondelez International from $64.00 to $70.00 and gave the stock an "outperform" rating in a research note on Friday, February 14th. Finally, Stifel Nicolaus lowered their price target on Mondelez International from $82.00 to $70.00 and set a "buy" rating for the company in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $69.50.

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Mondelez International Price Performance

Shares of Mondelez International stock traded up $0.22 during trading hours on Friday, reaching $67.72. The stock had a trading volume of 11,564,303 shares, compared to its average volume of 7,922,538. The stock's 50 day moving average is $62.25 and its 200 day moving average is $64.81. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The firm has a market capitalization of $87.60 billion, a PE ratio of 19.80, a PEG ratio of 4.34 and a beta of 0.50.

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 for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Equities analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

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

Mondelez International Announces Dividend

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 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%.

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.