First County Bank CT decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 24.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm 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.
Other hedge funds have also recently bought and sold shares of the company. Foundations Investment Advisors LLC boosted its stake in Mondelez International by 13.4% in the 2nd quarter. Foundations Investment Advisors LLC now owns 3,565 shares of the company’s stock worth $233,000 after buying an additional 421 shares during the last quarter. Private Advisor Group LLC increased its position in Mondelez International by 4.1% during the second quarter. Private Advisor Group LLC now owns 57,102 shares of the company’s stock worth $3,737,000 after purchasing an additional 2,270 shares during the last quarter. Savant Capital LLC raised its stake in Mondelez International by 12.5% during the second quarter. Savant Capital LLC now owns 26,682 shares of the company’s stock worth $1,746,000 after purchasing an additional 2,973 shares during the period. Custom Index Systems LLC boosted its holdings in shares of Mondelez International by 31.1% in the 2nd quarter. Custom Index Systems LLC now owns 5,421 shares of the company’s stock valued at $355,000 after purchasing an additional 1,287 shares during the last quarter. Finally, Ballentine Partners LLC grew its stake in shares of Mondelez International by 6.3% during the 2nd quarter. Ballentine Partners LLC now owns 16,122 shares of the company’s stock valued at $1,055,000 after buying an additional 952 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.
Analyst Ratings Changes
A number of research analysts recently weighed in on MDLZ shares. Redburn Atlantic assumed coverage on Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price on the stock. Stifel Nicolaus increased their target price on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Bank of America lifted their price target on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Wells Fargo & Company reissued an “equal weight” rating and issued a $61.00 price objective (down previously from $74.00) on shares of Mondelez International in a research report on Tuesday. Finally, Piper Sandler lifted their target price on shares of Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $78.14.
Mondelez International Stock Up 0.5 %
Shares of MDLZ stock traded up $0.28 during mid-day trading on Tuesday, reaching $58.50. 6,439,530 shares of the company were exchanged, compared to its average volume of 7,170,443. Mondelez International, Inc. has a fifty-two week low of $57.81 and a fifty-two week high of $77.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The company has a market capitalization of $78.23 billion, a P/E ratio of 20.74, a P/E/G ratio of 2.80 and a beta of 0.54. The business’s 50 day simple moving average is $63.48 and its 200 day simple moving average is $67.84.
Mondelez International (NASDAQ:MDLZ – Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. During the same period last year, the firm earned $0.82 earnings per share. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. Research analysts predict that Mondelez International, Inc. will post 3.48 earnings per share for the current year.
Mondelez International announced that its Board of Directors has initiated a stock repurchase program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 10.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.
Mondelez International Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be given a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.21%. Mondelez International’s payout ratio is currently 66.67%.
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.
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