Pinnacle Wealth Planning Services Inc. Sells 1,999 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Pinnacle Wealth Planning Services Inc. lowered its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 30.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,482 shares of the company’s stock after selling 1,999 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in Mondelez International were worth $268,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in MDLZ. M&G PLC lifted its stake in Mondelez International by 12.1% in the third quarter. M&G PLC now owns 178,397 shares of the company’s stock valued at $13,201,000 after acquiring an additional 19,227 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Mondelez International by 5.6% in the third quarter. Principal Financial Group Inc. now owns 1,567,067 shares of the company’s stock valued at $115,446,000 after acquiring an additional 82,742 shares during the last quarter. Montecito Bank & Trust lifted its stake in Mondelez International by 3.8% in the third quarter. Montecito Bank & Trust now owns 8,838 shares of the company’s stock valued at $651,000 after acquiring an additional 325 shares during the last quarter. Kornitzer Capital Management Inc. KS lifted its stake in Mondelez International by 1.1% in the third quarter. Kornitzer Capital Management Inc. KS now owns 50,606 shares of the company’s stock valued at $3,728,000 after acquiring an additional 546 shares during the last quarter. Finally, Hara Capital LLC acquired a new stake in Mondelez International in the third quarter valued at $45,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Wells Fargo & Company cut their target price on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Argus cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Piper Sandler cut shares of Mondelez International from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $70.00 to $63.00 in a research note on Friday, January 31st. Barclays cut 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 note on Thursday, February 6th. Finally, Dbs Bank cut shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and an average target price of $69.74.

Mondelez International Price Performance

MDLZ stock opened at $67.74 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The firm has a market cap of $87.62 billion, a P/E ratio of 19.81, a P/E/G ratio of 4.34 and a beta of 0.50. The company’s 50-day moving average price is $60.06 and its two-hundred day moving average price is $65.60.

Mondelez International (NASDAQ:MDLZ) last released its earnings results 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 net margin of 12.68% and a return on equity of 16.75%. On average, analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio is currently 54.97%.

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

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.