Iowa State Bank Sells 368 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Iowa State Bank reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,697 shares of the company’s stock after selling 368 shares during the period. Iowa State Bank’s holdings in Mondelez International were worth $2,132,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in MDLZ. Mizuho Securities USA LLC lifted its holdings in Mondelez International by 12,057.4% during the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock worth $926,327,000 after acquiring an additional 12,470,573 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Mondelez International by 40.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock worth $1,094,557,000 after purchasing an additional 4,794,746 shares during the period. Ilex Capital Partners UK LLP bought a new position in shares of Mondelez International during the 3rd quarter valued at about $219,045,000. FMR LLC grew its position in shares of Mondelez International by 14.2% in the 3rd quarter. FMR LLC now owns 18,255,657 shares of the company’s stock valued at $1,344,894,000 after purchasing an additional 2,268,639 shares during the period. Finally, Holocene Advisors LP bought a new stake in Mondelez International during the 3rd quarter worth approximately $159,823,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Performance

Shares of MDLZ traded down $1.20 during mid-day trading on Monday, hitting $58.66. 4,116,861 shares of the company’s stock were exchanged, compared to its average volume of 5,680,784. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The firm has a market cap of $78.44 billion, a price-to-earnings ratio of 20.80, a price-to-earnings-growth ratio of 2.80 and a beta of 0.54. The stock’s 50-day simple moving average is $63.71 and its 200-day simple moving average is $67.89. Mondelez International, Inc. has a 52 week low of $58.59 and a 52 week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.14. The firm had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.82 EPS. On average, equities research analysts expect that Mondelez International, Inc. will post 3.48 EPS for the current year.

Mondelez International announced that its board has authorized a stock repurchase plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend is Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company reduced their target price on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a research note on Thursday, December 5th. Evercore ISI boosted their price target on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Stifel Nicolaus lifted their target price on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Piper Sandler increased their price objective on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft cut Mondelez International from a “buy” rating to a “hold” rating and reduced their price target for the stock from $78.00 to $67.00 in a report on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.07.

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.