Bank of New Hampshire Cuts Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Bank of New Hampshire decreased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 14.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,202 shares of the company’s stock after selling 200 shares during the period. Bank of New Hampshire’s holdings in Mondelez International were worth $72,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Private Advisor Group LLC boosted its stake in shares of Mondelez International by 4.1% in the second quarter. Private Advisor Group LLC now owns 57,102 shares of the company’s stock worth $3,737,000 after acquiring an additional 2,270 shares during the last quarter. Savant Capital LLC grew its holdings in shares of Mondelez International by 12.5% during the second quarter. Savant Capital LLC now owns 26,682 shares of the company’s stock worth $1,746,000 after buying an additional 2,973 shares in the last quarter. Ballentine Partners LLC raised its position in shares of Mondelez International by 6.3% in the second quarter. Ballentine Partners LLC now owns 16,122 shares of the company’s stock valued at $1,055,000 after buying an additional 952 shares during the last quarter. Ausdal Financial Partners Inc. raised its position in shares of Mondelez International by 9.7% in the second quarter. Ausdal Financial Partners Inc. now owns 3,195 shares of the company’s stock valued at $209,000 after buying an additional 283 shares during the last quarter. Finally, Quest Partners LLC lifted its stake in shares of Mondelez International by 121.6% in the second quarter. Quest Partners LLC now owns 24,513 shares of the company’s stock worth $1,604,000 after buying an additional 13,450 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on MDLZ. Stifel Nicolaus increased their price objective on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a report on Friday, October 25th. Citigroup cut their price target on Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Redburn Atlantic assumed coverage on Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective on the stock. Bank of America raised their target price on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Mondelez International from a “buy” rating to a “hold” rating and lowered their price target for the company from $78.00 to $67.00 in a research report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $78.14.

Mondelez International Trading Up 0.1 %

MDLZ opened at $58.29 on Wednesday. Mondelez International, Inc. has a 52 week low of $57.81 and a 52 week high of $77.20. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The business has a fifty day simple moving average of $63.27 and a 200-day simple moving average of $67.78. The firm 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 (NASDAQ:MDLZ) last announced its earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. The company had revenue of $9.20 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the business posted $0.82 EPS. On average, equities analysts expect that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be issued 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 yield of 3.23%. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.

Mondelez International announced that its board has authorized a share 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 reacquire up to 10.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

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.