Simmons Bank Has $289,000 Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Simmons Bank trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 8.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,840 shares of the company’s stock after selling 450 shares during the period. Simmons Bank’s holdings in Mondelez International were worth $289,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MDLZ. Truvestments Capital LLC acquired a new stake in shares of Mondelez International during the third quarter worth $25,000. Marshall Investment Management LLC bought a new stake in shares of Mondelez International in the fourth quarter valued at about $26,000. Prospera Private Wealth LLC bought a new stake in shares of Mondelez International in the third quarter valued at about $27,000. Hager Investment Management Services LLC bought a new stake in shares of Mondelez International in the fourth quarter valued at about $27,000. Finally, McClarren Financial Advisors Inc. bought a new stake in shares of Mondelez International in the fourth quarter valued at about $32,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Price Performance

Shares of MDLZ opened at $63.98 on Friday. The firm has a market capitalization of $82.76 billion, a PE ratio of 18.71, a PEG ratio of 4.34 and a beta of 0.54. The company’s 50-day moving average is $59.31 and its 200-day moving average is $65.78. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48.

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

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be paid a $0.47 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 2.94%. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

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

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of recent research reports. Citigroup reduced their price target on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Piper Sandler downgraded shares of Mondelez International from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $70.00 to $63.00 in a research report on Friday, January 31st. The Goldman Sachs Group decreased their target price on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft decreased their target price 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. Finally, Barclays lowered their target price on Mondelez International from $69.00 to $63.00 and set an “overweight” 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 assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Mondelez International presently has a consensus 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.