FARMERS & MERCHANTS TRUST Co OF LONG BEACH Cuts Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

FARMERS & MERCHANTS TRUST Co OF LONG BEACH lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 4.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 35,725 shares of the company’s stock after selling 1,624 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Mondelez International were worth $2,134,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Truvestments Capital LLC purchased a new position in Mondelez International in the third quarter valued at about $25,000. Prospera Private Wealth LLC bought a new stake in shares of Mondelez International in the 3rd quarter valued at about $27,000. Richardson Financial Services Inc. grew its position in shares of Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after buying an additional 200 shares during the last quarter. Highline Wealth Partners LLC bought a new position in shares of Mondelez International during the 3rd quarter worth approximately $38,000. Finally, Hara Capital LLC purchased a new stake in Mondelez International during the third quarter valued at approximately $45,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Down 0.2 %

NASDAQ:MDLZ opened at $57.86 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. The company’s fifty day moving average price is $61.76 and its 200-day moving average price is $67.30. Mondelez International, Inc. has a 1-year low of $55.97 and a 1-year high of $77.20. The firm has a market capitalization of $77.37 billion, a P/E ratio of 20.52, a PEG ratio of 2.99 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results 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 company had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the firm earned $0.82 EPS. As a group, equities research analysts anticipate that Mondelez International, Inc. will post 3.48 EPS for the current year.

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

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s payout ratio is presently 66.67%.

Analyst Ratings Changes

Several equities analysts have issued reports on MDLZ shares. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $61.00 price target (down from $74.00) on shares of Mondelez International in a report on Tuesday, January 7th. The Goldman Sachs Group reduced their target price on Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a research report on Tuesday. Citigroup decreased their price target on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Redburn Atlantic started coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective on the stock. Finally, Piper Sandler decreased their price objective on shares of Mondelez International from $84.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $74.93.

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.