UNIVEST FINANCIAL Corp Sells 28,982 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

UNIVEST FINANCIAL Corp decreased its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 18.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,300 shares of the company's stock after selling 28,982 shares during the quarter. UNIVEST FINANCIAL Corp's holdings in Mondelez International were worth $7,723,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp grew its stake in Mondelez International by 2.8% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 790,722 shares of the company's stock valued at $47,230,000 after purchasing an additional 21,883 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of Mondelez International by 3.9% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 46,234 shares of the company's stock worth $2,762,000 after buying an additional 1,730 shares during the last quarter. Signature Estate & Investment Advisors LLC grew its position in Mondelez International by 5.0% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 33,569 shares of the company's stock valued at $2,005,000 after buying an additional 1,609 shares during the period. Zions Bancorporation N.A. increased its holdings in Mondelez International by 51.2% during the fourth quarter. Zions Bancorporation N.A. now owns 31,621 shares of the company's stock worth $1,889,000 after buying an additional 10,707 shares during the last quarter. Finally, CoreFirst Bank & Trust bought a new stake in Mondelez International in the fourth quarter worth about $301,000. Hedge funds and other institutional investors own 78.32% of the company's stock.

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Mondelez International Stock Up 0.3 %

Shares of NASDAQ:MDLZ traded up $0.22 during trading on Friday, reaching $67.72. 11,564,303 shares of the stock traded hands, compared to its average volume of 7,922,538. The stock has a market cap of $87.60 billion, a P/E ratio of 19.80, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. 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 50-day moving average of $62.25 and a two-hundred day moving average of $64.81. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06.

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

Mondelez International Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a dividend yield of 2.78%. The ex-dividend date is Monday, March 31st. Mondelez International's dividend payout ratio (DPR) is presently 54.97%.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on MDLZ shares. Jefferies Financial Group cut shares of Mondelez International from a "buy" rating to a "hold" rating and lowered their price target for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. 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 report on Wednesday, January 8th. Piper Sandler raised their price objective on shares of Mondelez International from $56.00 to $59.00 and gave the stock a "neutral" rating in a report on Thursday. 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 note on Friday, February 7th. Finally, UBS Group decreased their price target 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. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Mondelez International presently has an average rating of "Moderate Buy" and a consensus price target of $69.50.

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.