Grove Bank & Trust Has $596,000 Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Grove Bank & Trust raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,982 shares of the company’s stock after acquiring an additional 240 shares during the period. Grove Bank & Trust’s holdings in Mondelez International were worth $596,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MDLZ. Truvestments Capital LLC acquired a new stake in Mondelez International during the 3rd quarter valued at $25,000. Prospera Private Wealth LLC bought a new position in shares of Mondelez International in the third quarter valued at about $27,000. Richardson Financial Services Inc. lifted its position in Mondelez International by 100.0% during 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 in the last quarter. Highline Wealth Partners LLC bought a new stake in Mondelez International during the 3rd quarter worth about $38,000. Finally, Hara Capital LLC acquired a new stake in Mondelez International in the 3rd quarter valued at about $45,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

MDLZ stock opened at $57.86 on Monday. The stock has a market cap of $77.37 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 2.99 and a beta of 0.54. The stock has a 50-day moving average price of $61.59 and a two-hundred day moving average price of $67.25. Mondelez International, Inc. has a 1 year low of $55.97 and a 1 year high of $77.20. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. The business had revenue of $9.20 billion for 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%. Mondelez International’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.82 EPS. Equities analysts forecast that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were given 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 3.25%. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.

Mondelez International announced that its board has initiated a stock repurchase program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 10.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. The Goldman Sachs Group decreased their price target on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Bank of America lifted their target price on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Evercore ISI upped their price target on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Citigroup lowered 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. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $61.00 target price (down previously from $74.00) on shares of Mondelez International in a research note on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently 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.