Sandy Spring Bank Has $5.02 Million Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Sandy Spring Bank cut its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 8.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 84,088 shares of the company's stock after selling 7,955 shares during the period. Sandy Spring Bank's holdings in Mondelez International were worth $5,023,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Truvestments Capital LLC acquired a new stake in Mondelez International in the third quarter valued at $25,000. Prospera Private Wealth LLC bought a new stake in shares of Mondelez International in the 3rd quarter worth about $27,000. Marshall Investment Management LLC acquired a new stake in shares of Mondelez International in the 4th quarter valued at about $26,000. Hager Investment Management Services LLC bought a new position in shares of Mondelez International during the fourth quarter worth about $27,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Mondelez International in the fourth quarter worth about $31,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Piper Sandler cut 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 note on Friday, January 31st. Citigroup dropped their price objective on shares of Mondelez International from $78.00 to $71.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Barclays lowered 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 report on Thursday, February 6th. UBS Group lowered their target price on Mondelez International from $76.00 to $63.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Finally, Argus downgraded shares of Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. One investment 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. According to MarketBeat, Mondelez International currently has an average rating of "Moderate Buy" and a consensus target price of $69.70.

Remove Ads

Mondelez International Stock Up 0.7 %

Shares of MDLZ traded up $0.44 during mid-day trading on Monday, reaching $64.95. The company's stock had a trading volume of 7,514,172 shares, compared to its average volume of 7,508,736. The company has a market cap of $84.01 billion, a price-to-earnings ratio of 18.99, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The business has a fifty day moving average of $61.35 and a 200 day moving average of $65.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 EPS 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%. As a group, analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

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

Mondelez International Dividend Announcement

The company 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 dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International's dividend payout ratio (DPR) is presently 54.97%.

Mondelez International Company Profile

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.