UNIVEST FINANCIAL Corp Sells 28,982 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

UNIVEST FINANCIAL Corp lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 18.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 129,300 shares of the company’s stock after selling 28,982 shares during the period. UNIVEST FINANCIAL Corp’s holdings in Mondelez International were worth $7,723,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. ICICI Prudential Asset Management Co Ltd grew its holdings in Mondelez International by 430.0% during the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company’s stock valued at $5,520,000 after buying an additional 74,975 shares in the last quarter. Czech National Bank raised its stake in shares of Mondelez International by 6.5% during the fourth quarter. Czech National Bank now owns 289,931 shares of the company’s stock valued at $17,318,000 after acquiring an additional 17,815 shares in the last quarter. Buckingham Capital Management Inc. increased its position in Mondelez International by 25.5% during the 4th quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company’s stock valued at $5,578,000 after purchasing an additional 18,961 shares during the period. Legacy Private Trust Co. lifted its stake in shares of 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 last quarter. Finally, Kennedy Investment Group purchased a new position in Mondelez International in the fourth quarter worth $313,000. Institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on MDLZ. Deutsche Bank Aktiengesellschaft dropped their price target on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Wednesday, January 22nd. Stifel Nicolaus reduced their target price on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Barclays reduced their price target on Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. The Goldman Sachs Group decreased their price target on Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Finally, DZ Bank lowered shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective for the company. in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.70.

Mondelez International Trading Down 0.4 %

Shares of MDLZ opened at $64.69 on Wednesday. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The company has a market cap of $83.68 billion, a price-to-earnings ratio of 18.92, a PEG ratio of 4.34 and a beta of 0.50. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The stock has a fifty day moving average price of $61.67 and a two-hundred day moving average price of $64.91.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Analysts predict that Mondelez International, Inc. will post 2.9 EPS 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 dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

Mondelez International declared that its board has authorized a stock buyback program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 10.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

Mondelez International Company 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.