Lowe Brockenbrough & Co. Inc. Sells 650 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Lowe Brockenbrough & Co. Inc. trimmed its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.1% during the 4th quarter, HoldingsChannel reports. The fund owned 29,710 shares of the company’s stock after selling 650 shares during the quarter. Lowe Brockenbrough & Co. Inc.’s holdings in Mondelez International were worth $1,789,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. boosted its stake in Mondelez International by 17.1% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 195,161 shares of the company’s stock worth $11,655,000 after purchasing an additional 28,532 shares in the last quarter. Douglass Winthrop Advisors LLC raised its holdings in Mondelez International by 26.7% in the fourth quarter. Douglass Winthrop Advisors LLC now owns 15,555 shares of the company’s stock worth $929,000 after buying an additional 3,275 shares during the last quarter. Holderness Investments Co. lifted its stake in shares of Mondelez International by 3.8% in the fourth quarter. Holderness Investments Co. now owns 11,688 shares of the company’s stock worth $698,000 after buying an additional 423 shares in the last quarter. HUB Investment Partners LLC lifted its stake in shares of Mondelez International by 14.0% in the fourth quarter. HUB Investment Partners LLC now owns 20,435 shares of the company’s stock worth $1,221,000 after buying an additional 2,515 shares in the last quarter. Finally, Whittier Trust Co. grew its holdings in shares of Mondelez International by 20.1% during the fourth quarter. Whittier Trust Co. now owns 360,936 shares of the company’s stock valued at $21,555,000 after buying an additional 60,473 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Trading Down 0.1 %

NASDAQ:MDLZ opened at $63.95 on Friday. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The business has a fifty day moving average price of $61.18 and a 200-day moving average price of $65.23. The firm has a market capitalization of $82.72 billion, a price-to-earnings ratio of 18.70, 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 current ratio of 0.68 and a quick ratio of 0.48.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results 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 net margin of 12.68% and a return on equity of 16.75%. Sell-side analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current 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 paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s payout ratio is 54.97%.

Mondelez International declared 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 repurchase up to 10.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MDLZ shares. Argus cut Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. The Goldman Sachs Group decreased their price target on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Royal Bank of Canada dropped their price objective on Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. Piper Sandler lowered Mondelez International from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $70.00 to $63.00 in a research report on Friday, January 31st. Finally, Dbs Bank downgraded shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.74.

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.