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

UNIVEST FINANCIAL Corp lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 18.3% in the fourth quarter, Holdings Channel reports. The firm owned 129,300 shares of the company’s stock after selling 28,982 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Mondelez International were worth $7,723,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Truvestments Capital LLC acquired a new position in Mondelez International in the 3rd quarter worth about $25,000. Marshall Investment Management LLC acquired a new stake in Mondelez International during the 4th quarter worth about $26,000. Hager Investment Management Services LLC acquired a new position in Mondelez International in the fourth quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new position in Mondelez International during the fourth quarter worth $31,000. Finally, McClarren Financial Advisors Inc. acquired a new stake in shares of Mondelez International in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

MDLZ has been the topic of several recent research reports. Dbs Bank cut shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. Argus lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a report on Wednesday, January 22nd. Citigroup decreased their price objective on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada reduced their price target on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.70.

Mondelez International Stock Down 0.4 %

Mondelez International stock opened at $64.69 on Wednesday. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The company has a market cap of $83.68 billion, a PE 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 business’s 50-day simple moving average is $61.67 and its two-hundred day simple moving average is $64.91.

Mondelez International (NASDAQ:MDLZ) last posted its 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 return on equity of 16.75% and a net margin of 12.68%. Equities analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International announced that its Board of Directors has initiated a stock repurchase program on Wednesday, December 11th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 10.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be given a dividend of $0.47 per share. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.91%. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

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.