Truist Financial Corp Trims Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Truist Financial Corp decreased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 7.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 816,882 shares of the company's stock after selling 67,864 shares during the quarter. Truist Financial Corp owned about 0.06% of Mondelez International worth $48,792,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Truvestments Capital LLC purchased a new stake in shares of Mondelez International in the 3rd quarter worth about $25,000. Prospera Private Wealth LLC bought a new position in Mondelez International in the third quarter worth about $27,000. Hager Investment Management Services LLC purchased a new stake in Mondelez International in the fourth quarter worth about $27,000. Richardson Financial Services Inc. lifted its holdings in Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company's stock worth $28,000 after buying an additional 200 shares during the period. Finally, McClarren Financial Advisors Inc. bought a new stake in Mondelez International during the 4th quarter valued at approximately $32,000. Institutional investors own 78.32% of the company's stock.

Mondelez International Stock Up 4.1 %

Shares of Mondelez International stock traded up $2.53 on Friday, reaching $64.70. The company's stock had a trading volume of 16,289,816 shares, compared to its average volume of 11,136,414. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The firm's fifty day simple moving average is $58.98 and its two-hundred day simple moving average is $65.91. 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 company has a market capitalization of $83.69 billion, a price-to-earnings ratio of 18.92, a P/E/G ratio of 4.32 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing the consensus estimate 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 anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International announced that its Board of Directors has initiated a stock buyback program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's management believes its stock is undervalued.

Mondelez International Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their target price 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. Citigroup decreased their price objective on Mondelez International from $78.00 to $71.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. Royal Bank of Canada lowered their price objective on Mondelez International from $75.00 to $69.00 and set an "outperform" rating for the company in a research report on Thursday, February 6th. DZ Bank downgraded 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. Finally, UBS Group lowered their price target on shares of Mondelez International from $76.00 to $63.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $69.74.

Mondelez International 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.