Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Perkins Coie Trust Co

Perkins Coie Trust Co cut its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 14.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 33,387 shares of the company’s stock after selling 5,439 shares during the period. Perkins Coie Trust Co’s holdings in Mondelez International were worth $1,994,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MDLZ. Truvestments Capital LLC purchased a new position in Mondelez International during the third quarter worth approximately $25,000. Prospera Private Wealth LLC acquired a new position in shares of Mondelez International during the 3rd quarter worth approximately $27,000. Richardson Financial Services Inc. lifted its position in shares of Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after buying an additional 200 shares in the last quarter. Highline Wealth Partners LLC acquired a new stake in Mondelez International in the 3rd quarter valued at $38,000. Finally, Hara Capital LLC acquired a new stake in Mondelez International in the 3rd quarter valued at $45,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Mondelez International stock opened at $57.86 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The stock has a market cap of $77.37 billion, a P/E ratio of 20.52, a PEG ratio of 2.99 and a beta of 0.54. The company has a 50-day moving average price of $61.59 and a 200 day moving average price of $67.24. Mondelez International, Inc. has a 12-month low of $55.97 and a 12-month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (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 business had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. During the same quarter last year, the firm earned $0.82 EPS. The business’s revenue was up 1.9% compared to the same quarter last year. Sell-side analysts anticipate that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

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

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on MDLZ shares. Citigroup decreased their price objective on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $61.00 price target (down from $74.00) on shares of Mondelez International in a research note on Tuesday, January 7th. Redburn Atlantic assumed coverage on Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective for the company. The Goldman Sachs Group decreased their target price on Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, UBS Group dropped their price target on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $74.93.

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.