Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Radnor Capital Management LLC

Radnor Capital Management LLC lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 11.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 14,258 shares of the company’s stock after selling 1,839 shares during the quarter. Radnor Capital Management LLC’s holdings in Mondelez International were worth $852,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in MDLZ. Czech National Bank increased its stake 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 worth $17,318,000 after acquiring an additional 17,815 shares during the period. Legacy Private Trust Co. grew its position in Mondelez International by 33.2% during the 4th quarter. Legacy Private Trust Co. now owns 3,841 shares of the company’s stock worth $229,000 after purchasing an additional 957 shares during the period. Benjamin Edwards Inc. raised its stake in shares of Mondelez International by 1,904.9% during the 3rd quarter. Benjamin Edwards Inc. now owns 425,805 shares of the company’s stock valued at $31,369,000 after buying an additional 404,567 shares during the last quarter. Kingsview Wealth Management LLC lifted its holdings in shares of Mondelez International by 14.3% in the 3rd quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company’s stock valued at $8,430,000 after buying an additional 14,278 shares during the period. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Mondelez International by 11.6% in the third quarter. Daiwa Securities Group Inc. now owns 249,067 shares of the company’s stock worth $18,349,000 after buying an additional 25,833 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Down 0.8 %

NASDAQ MDLZ opened at $56.64 on Thursday. The business’s fifty day simple moving average is $62.11 and its 200-day simple moving average is $67.44. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The firm has a market cap of $75.74 billion, a PE ratio of 20.09, a P/E/G ratio of 2.80 and a beta of 0.54. Mondelez International, Inc. has a 52 week low of $55.97 and a 52 week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The company had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. During the same period in the previous year, the firm earned $0.82 earnings per share. Mondelez International’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, equities analysts anticipate that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.47 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 3.32%. Mondelez International’s dividend payout ratio (DPR) is 66.67%.

Mondelez International declared that its board has authorized a share repurchase program on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to purchase up to 10.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

MDLZ has been the subject of several recent research reports. Piper Sandler lifted their price target on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Evercore ISI increased their price objective on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Deutsche Bank Aktiengesellschaft lowered shares of Mondelez International from a “buy” rating to a “hold” rating and dropped their target price for the company from $78.00 to $67.00 in a research report on Thursday, December 12th. Redburn Atlantic began coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target on the stock. Finally, The Goldman Sachs Group cut their price objective on Mondelez International from $79.00 to $68.00 and set a “buy” rating for the company in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $76.79.

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.