US Bancorp DE Sells 28,954 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

US Bancorp DE reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,164,904 shares of the company's stock after selling 28,954 shares during the period. US Bancorp DE owned 0.09% of Mondelez International worth $69,580,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mizuho Securities USA LLC boosted its stake in shares of Mondelez International by 12,057.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company's stock valued at $926,327,000 after purchasing an additional 12,470,573 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Mondelez International by 2,560.0% during the fourth quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company's stock worth $203,749,000 after buying an additional 3,282,937 shares during the last quarter. Ilex Capital Partners UK LLP acquired a new stake in Mondelez International during the 3rd quarter worth $219,045,000. FMR LLC boosted its position in Mondelez International by 14.2% during the 3rd quarter. FMR LLC now owns 18,255,657 shares of the company's stock worth $1,344,894,000 after acquiring an additional 2,268,639 shares during the last quarter. Finally, Holocene Advisors LP bought a new position in Mondelez International in the third quarter valued at $159,823,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Price Performance

MDLZ stock traded up $1.49 during mid-day trading on Monday, reaching $65.72. 3,194,321 shares of the company traded hands, compared to its average volume of 7,356,330. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The company has a market capitalization of $85.01 billion, a P/E ratio of 19.24, a P/E/G ratio of 4.34 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The company has a fifty day moving average price of $59.41 and a 200-day moving average price of $65.67.

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

Mondelez International Dividend Announcement

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 given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Monday, March 31st. Mondelez International's dividend payout ratio (DPR) is currently 54.97%.

Mondelez International announced that its board has authorized a share buyback program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several research firms have weighed in on MDLZ. DZ Bank cut Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price objective on the stock. in a research report on Friday, February 7th. UBS Group decreased their target price on shares of Mondelez International from $76.00 to $63.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Piper Sandler downgraded Mondelez International from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $70.00 to $63.00 in a research note on Friday, January 31st. Barclays dropped their target price 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. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Mondelez International presently has an average rating of "Moderate Buy" and an average 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.