Mondelez International, Inc. (NASDAQ:MDLZ) Position Cut by CENTRAL TRUST Co

CENTRAL TRUST Co lowered its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,001 shares of the company’s stock after selling 2,212 shares during the period. CENTRAL TRUST Co’s holdings in Mondelez International were worth $3,464,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in MDLZ. State Street Corp raised its stake in shares of Mondelez International by 3.2% during the third quarter. State Street Corp now owns 60,151,987 shares of the company’s stock valued at $4,459,239,000 after purchasing an additional 1,851,247 shares in the last quarter. Geode Capital Management LLC increased its stake in Mondelez International by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 28,204,955 shares of the company’s stock valued at $2,069,906,000 after buying an additional 341,203 shares during the period. FMR LLC raised its position in shares of Mondelez International by 14.2% during the 3rd quarter. FMR LLC now owns 18,255,657 shares of the company’s stock worth $1,344,894,000 after buying an additional 2,268,639 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Mondelez International by 2.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 17,215,182 shares of the company’s stock worth $1,268,242,000 after buying an additional 489,068 shares in the last quarter. Finally, Mizuho Securities USA LLC lifted its stake in shares of Mondelez International by 12,057.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock worth $926,327,000 after acquiring an additional 12,470,573 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $57.99 on Monday. Mondelez International, Inc. has a 1-year low of $55.97 and a 1-year high of $77.20. The company has a market capitalization of $77.54 billion, a price-to-earnings ratio of 20.56, a P/E/G ratio of 3.12 and a beta of 0.54. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The stock’s fifty day simple moving average is $60.09 and its 200-day simple moving average is $66.67.

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

Mondelez International Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MDLZ. Deutsche Bank Aktiengesellschaft dropped their target price on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a report on Wednesday, January 22nd. Royal Bank of Canada reissued an “outperform” rating and issued a $75.00 price objective on shares of Mondelez International in a research note on Thursday. Redburn Atlantic began coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target for the company. Wells Fargo & Company reissued an “equal weight” rating and set a $61.00 target price (down from $74.00) on shares of Mondelez International in a research note on Tuesday, January 7th. Finally, UBS Group decreased their price target 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, January 16th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $72.76.

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.