Thrivent Financial for Lutherans Trims Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Thrivent Financial for Lutherans reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 22.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 153,576 shares of the company's stock after selling 44,388 shares during the quarter. Thrivent Financial for Lutherans' holdings in Mondelez International were worth $9,260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ICICI Prudential Asset Management Co Ltd boosted its holdings in Mondelez International by 430.0% in the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company's stock worth $5,520,000 after buying an additional 74,975 shares during the period. Czech National Bank lifted its position in shares of Mondelez International by 6.5% in the fourth quarter. Czech National Bank now owns 289,931 shares of the company's stock valued at $17,318,000 after acquiring an additional 17,815 shares in the last quarter. Buckingham Capital Management Inc. boosted its stake in shares of Mondelez International by 25.5% in the fourth quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company's stock worth $5,578,000 after acquiring an additional 18,961 shares during the period. Legacy Private Trust Co. grew its position in shares of Mondelez International by 33.2% during 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 in the last quarter. Finally, Kennedy Investment Group bought a new stake in Mondelez International during the 4th quarter valued at approximately $313,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several research analysts have weighed in on MDLZ shares. Piper Sandler downgraded Mondelez International from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $70.00 to $63.00 in a research note on Friday, January 31st. Mizuho raised their target price on shares of Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a research note on Friday, February 14th. Barclays decreased their price target on shares of Mondelez International from $69.00 to $63.00 and set an "overweight" rating on the stock in a research note on Thursday, February 6th. UBS Group cut their price objective on Mondelez International from $76.00 to $63.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Finally, The Goldman Sachs Group decreased their target price on Mondelez International from $68.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. 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. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $69.70.

Mondelez International Trading Down 0.9 %

NASDAQ MDLZ traded down $0.61 on Tuesday, hitting $64.34. 1,304,123 shares of the stock were exchanged, compared to its average volume of 7,507,820. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The firm has a market capitalization of $83.22 billion, a P/E ratio of 18.81, a P/E/G ratio of 4.34 and a beta of 0.50. The stock has a fifty day moving average price of $61.52 and a two-hundred day moving average price of $64.99.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings results 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 return on equity of 16.75% and a net margin of 12.68%. Research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently announced 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. 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 2.92%. Mondelez International's dividend payout ratio is 54.97%.

Mondelez International declared that its board has initiated a share buyback plan on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to buy up to 10.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership 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.