CNB Bank Decreases Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

CNB Bank lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 10.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,855 shares of the company’s stock after selling 333 shares during the period. CNB Bank’s holdings in Mondelez International were worth $171,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Truvestments Capital LLC acquired a new position in shares of Mondelez International during the third quarter worth about $25,000. Prospera Private Wealth LLC acquired a new position in shares of Mondelez International during the third quarter valued at $27,000. Richardson Financial Services Inc. boosted its holdings in shares of Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after acquiring an additional 200 shares in the last quarter. Highline Wealth Partners LLC purchased a new stake in Mondelez International during the third quarter valued at about $38,000. Finally, Hara Capital LLC acquired a new position in shares of Mondelez International in the third quarter worth about $45,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Performance

Mondelez International stock opened at $58.05 on Friday. 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 stock has a market capitalization of $77.63 billion, a price-to-earnings ratio of 20.61, a P/E/G ratio of 2.99 and a beta of 0.54. The stock has a 50-day simple moving average of $61.91 and a 200 day simple moving average of $67.36. Mondelez International, Inc. has a 12-month low of $55.97 and a 12-month 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, topping 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 business posted $0.82 EPS. On average, research analysts anticipate that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

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

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.47 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 3.24%. Mondelez International’s dividend payout ratio is presently 66.67%.

Analyst Upgrades and Downgrades

MDLZ has been the topic of a number of research analyst reports. UBS Group lowered their price objective on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday. Citigroup reduced their price objective on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft lowered Mondelez International from a “buy” rating to a “hold” rating and dropped their target price for the stock from $78.00 to $67.00 in a research report on Thursday, December 12th. Bank of America boosted their price target on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $61.00 price objective (down previously from $74.00) on shares of Mondelez International in a research report on Tuesday, January 7th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $74.93.

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.