Beta Wealth Group Inc. Has $431,000 Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Beta Wealth Group Inc. trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 86.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,221 shares of the company's stock after selling 48,045 shares during the quarter. Beta Wealth Group Inc.'s holdings in Mondelez International were worth $431,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MDLZ. Czech National Bank lifted its position in Mondelez International by 6.5% in the fourth quarter. Czech National Bank now owns 289,931 shares of the company's stock worth $17,318,000 after purchasing an additional 17,815 shares during the period. Legacy Private Trust Co. lifted its position in Mondelez International by 33.2% in the fourth quarter. Legacy Private Trust Co. now owns 3,841 shares of the company's stock worth $229,000 after purchasing an additional 957 shares during the period. Kennedy Investment Group acquired a new stake in Mondelez International in the fourth quarter worth approximately $313,000. Rhumbline Advisers lifted its position in Mondelez International by 1.4% in the fourth quarter. Rhumbline Advisers now owns 2,742,126 shares of the company's stock worth $163,787,000 after purchasing an additional 37,897 shares during the period. Finally, Benjamin Edwards Inc. lifted its position in Mondelez International by 1,904.9% in the third quarter. Benjamin Edwards Inc. now owns 425,805 shares of the company's stock worth $31,369,000 after purchasing an additional 404,567 shares during the period. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Up 4.1 %

Shares of NASDAQ MDLZ traded up $2.53 during mid-day trading on Friday, reaching $64.70. The company had a trading volume of 16,289,816 shares, compared to its average volume of 11,136,414. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The stock has a market capitalization of $83.69 billion, a PE ratio of 18.92, a price-to-earnings-growth ratio of 4.32 and a beta of 0.54. The stock's 50 day moving average is $58.98 and its 200-day moving average is $65.91.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted 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%. As a group, equities analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International's dividend payout ratio (DPR) is presently 54.97%.

Mondelez International declared that its board has approved a stock buyback program on Wednesday, December 11th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 10.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of equities research analysts have weighed in on MDLZ shares. DZ Bank downgraded Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 target price for the company. in a research report on Friday, February 7th. Dbs Bank downgraded Mondelez International from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft cut their price objective on Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a research report on Wednesday, January 22nd. Piper Sandler downgraded Mondelez International from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $70.00 to $63.00 in a research report on Friday, January 31st. Finally, Stifel Nicolaus cut their price objective 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 investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Mondelez International 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.