Mondelez International, Inc. (NASDAQ:MDLZ) Stock Position Trimmed by First County Bank CT

First County Bank CT decreased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 24.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,309 shares of the company’s stock after selling 2,000 shares during the period. First County Bank CT’s holdings in Mondelez International were worth $377,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in MDLZ. Diversified Trust Co increased its holdings in shares of Mondelez International by 85.6% during the fourth quarter. Diversified Trust Co now owns 41,574 shares of the company’s stock valued at $2,483,000 after purchasing an additional 19,175 shares during the period. Canandaigua National Bank & Trust Co. increased its stake in Mondelez International by 50.5% during the 4th quarter. Canandaigua National Bank & Trust Co. now owns 32,565 shares of the company’s stock valued at $1,945,000 after buying an additional 10,920 shares during the period. Boltwood Capital Management raised its position in shares of Mondelez International by 3.0% during the 4th quarter. Boltwood Capital Management now owns 13,270 shares of the company’s stock worth $793,000 after buying an additional 382 shares in the last quarter. Central Pacific Bank Trust Division lifted its stake in shares of Mondelez International by 8.3% in the 4th quarter. Central Pacific Bank Trust Division now owns 11,644 shares of the company’s stock worth $695,000 after acquiring an additional 897 shares during the period. Finally, Everence Capital Management Inc. boosted its holdings in shares of Mondelez International by 60.3% in the fourth quarter. Everence Capital Management Inc. now owns 62,462 shares of the company’s stock valued at $3,731,000 after acquiring an additional 23,500 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Up 0.5 %

Shares of Mondelez International stock traded up $0.28 during midday trading on Tuesday, hitting $58.50. The company’s stock had a trading volume of 6,439,530 shares, compared to its average volume of 7,170,443. Mondelez International, Inc. has a 1-year low of $57.81 and a 1-year high of $77.20. 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 capitalization of $78.23 billion, a P/E ratio of 20.74, a PEG ratio of 2.80 and a beta of 0.54. The stock has a 50-day simple moving average of $63.48 and a 200-day simple moving average of $67.84.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. The firm had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the company posted $0.82 EPS. As a group, sell-side analysts expect that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Mondelez International declared that its board has authorized a share buyback program 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 shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date is Tuesday, December 31st. Mondelez International’s payout ratio is presently 66.67%.

Analyst Ratings Changes

A number of research firms have weighed in on MDLZ. Bank of America upped their target price on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Evercore ISI raised their target price on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Deutsche Bank Aktiengesellschaft cut shares of Mondelez International from a “buy” rating to a “hold” rating and dropped their price target for the stock from $78.00 to $67.00 in a research report on Thursday, December 12th. Redburn Atlantic began coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective for the company. Finally, Stifel Nicolaus boosted their target price on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Mondelez International has an average rating of “Moderate Buy” and an average target price of $78.14.

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.