AMG National Trust Bank Sells 2,197 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

AMG National Trust Bank lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 26.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,178 shares of the company’s stock after selling 2,197 shares during the period. AMG National Trust Bank’s holdings in Mondelez International were worth $369,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Mesirow Financial Investment Management Inc. increased its stake in shares of Mondelez International by 2.6% during the fourth quarter. Mesirow Financial Investment Management Inc. now owns 22,427 shares of the company’s stock worth $1,339,000 after purchasing an additional 567 shares during the period. Andra AP fonden bought a new position in shares of Mondelez International during the fourth quarter worth approximately $2,789,000. Ashton Thomas Private Wealth LLC increased its stake in shares of Mondelez International by 6.6% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 39,847 shares of the company’s stock worth $2,399,000 after purchasing an additional 2,452 shares during the period. Callan Family Office LLC increased its stake in shares of Mondelez International by 546.3% during the fourth quarter. Callan Family Office LLC now owns 31,738 shares of the company’s stock worth $1,896,000 after purchasing an additional 26,827 shares during the period. Finally, E Fund Management Co. Ltd. increased its stake in shares of Mondelez International by 33.4% during the fourth quarter. E Fund Management Co. Ltd. now owns 19,302 shares of the company’s stock worth $1,153,000 after purchasing an additional 4,835 shares during the period. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Up 1.5 %

Shares of MDLZ stock opened at $67.74 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. 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 $87.62 billion, a PE ratio of 19.81, a P/E/G ratio of 4.34 and a beta of 0.50. The stock’s fifty day moving average price is $60.06 and its two-hundred day moving average price is $65.56.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Equities analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

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

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is 54.97%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on MDLZ shares. The Goldman Sachs Group lowered their target price 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. Barclays lowered their price objective on Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Mizuho raised their price objective on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, February 14th. Dbs Bank lowered Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. Finally, UBS Group lowered their price objective on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $69.74.

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.