Bangor Savings Bank Lowers Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Bangor Savings Bank lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,518 shares of the company’s stock after selling 276 shares during the quarter. Bangor Savings Bank’s holdings in Mondelez International were worth $270,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in MDLZ. Mizuho Securities USA LLC increased its position in Mondelez International by 12,057.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock valued at $926,327,000 after buying an additional 12,470,573 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Mondelez International by 40.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock worth $1,094,557,000 after acquiring an additional 4,794,746 shares during the last quarter. Ilex Capital Partners UK LLP bought a new position in shares of Mondelez International during the third quarter valued at $219,045,000. FMR LLC raised its position in shares of Mondelez International by 14.2% in the 3rd quarter. FMR LLC now owns 18,255,657 shares of the company’s stock worth $1,344,894,000 after purchasing an additional 2,268,639 shares during the last quarter. Finally, Holocene Advisors LP bought a new position in Mondelez International in the 3rd quarter worth about $159,823,000. Institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on MDLZ shares. Bank of America lifted their target price on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Citigroup lowered their price objective on Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft cut Mondelez International from a “buy” rating to a “hold” rating and decreased their price target for the stock from $78.00 to $67.00 in a research note on Thursday, December 12th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $61.00 price objective (down from $74.00) on shares of Mondelez International in a research report on Tuesday. Finally, Piper Sandler boosted their target price on Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and a consensus target price of $78.14.

Mondelez International Stock Up 0.1 %

Shares of MDLZ stock opened at $58.29 on Wednesday. The company has a 50 day simple moving average of $63.27 and a two-hundred day simple moving average of $67.78. The stock has a market cap of $77.95 billion, a P/E ratio of 20.67, a P/E/G ratio of 2.80 and a beta of 0.54. Mondelez International, Inc. has a 12 month low of $57.81 and a 12 month 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 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.11 billion. During the same period last year, the firm earned $0.82 EPS. Mondelez International’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, research analysts expect that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.23%. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.

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