Citizens National Bank Trust Department Sells 1,895 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Citizens National Bank Trust Department decreased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,520 shares of the company’s stock after selling 1,895 shares during the quarter. Citizens National Bank Trust Department’s holdings in Mondelez International were worth $1,883,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. lifted its position in Mondelez International by 11.4% during the third quarter. Raleigh Capital Management Inc. now owns 4,530 shares of the company’s stock worth $334,000 after acquiring an additional 464 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Mondelez International by 26.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 31,473 shares of the company’s stock worth $2,319,000 after purchasing an additional 6,677 shares during the last quarter. Stanley Laman Group Ltd. bought a new stake in Mondelez International in the 3rd quarter valued at $431,000. BLB&B Advisors LLC grew its holdings in Mondelez International by 6.2% in the 3rd quarter. BLB&B Advisors LLC now owns 10,236 shares of the company’s stock valued at $754,000 after buying an additional 602 shares in the last quarter. Finally, Private Advisor Group LLC increased its position in Mondelez International by 9.8% during the 3rd quarter. Private Advisor Group LLC now owns 62,687 shares of the company’s stock worth $4,618,000 after buying an additional 5,585 shares during the period. 78.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on MDLZ shares. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Wednesday, January 22nd. Jefferies Financial Group downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and dropped their price target for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. Stifel Nicolaus lowered their price objective on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. DZ Bank downgraded Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 target price for the company. in a research report on Friday, February 7th. Finally, Dbs Bank cut Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $69.74.

Mondelez International Price Performance

Shares of MDLZ opened at $61.96 on Thursday. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The stock has a market cap of $80.14 billion, a PE ratio of 18.12, a PEG ratio of 4.27 and a beta of 0.54. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The business has a 50-day simple moving average of $58.93 and a two-hundred day simple moving average of $65.97.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.47 per share. The ex-dividend date is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.03%. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

Mondelez International declared that its Board of Directors has initiated a stock buyback program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes 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 leadership believes its shares are undervalued.

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.