Legacy Private Trust Co. Grows Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Legacy Private Trust Co. grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 33.2% during the fourth quarter, HoldingsChannel reports. The firm owned 3,841 shares of the company’s stock after purchasing an additional 957 shares during the quarter. Legacy Private Trust Co.’s holdings in Mondelez International were worth $229,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Private Advisor Group LLC boosted its stake in Mondelez International by 4.1% in the 2nd quarter. Private Advisor Group LLC now owns 57,102 shares of the company’s stock worth $3,737,000 after buying an additional 2,270 shares during the last quarter. Ausdal Financial Partners Inc. lifted its holdings in shares of Mondelez International by 9.7% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 3,195 shares of the company’s stock worth $209,000 after acquiring an additional 283 shares during the period. Choreo LLC grew its holdings in Mondelez International by 195.8% in the second quarter. Choreo LLC now owns 45,568 shares of the company’s stock valued at $2,974,000 after purchasing an additional 30,161 shares during the period. Sachetta LLC increased its position in Mondelez International by 14.0% during the second quarter. Sachetta LLC now owns 1,215 shares of the company’s stock worth $81,000 after purchasing an additional 149 shares during the last quarter. Finally, Andra AP fonden raised its stake in Mondelez International by 15.3% during the second quarter. Andra AP fonden now owns 101,900 shares of the company’s stock worth $6,668,000 after purchasing an additional 13,500 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Ratings Changes

MDLZ has been the subject of several research reports. Deutsche Bank Aktiengesellschaft cut shares of Mondelez International from a “buy” rating to a “hold” rating and lowered their price objective for the company from $78.00 to $67.00 in a research note on Thursday, December 12th. Redburn Atlantic started coverage on Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target for the company. Piper Sandler lifted their price objective on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Citigroup decreased their target price on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Bank of America raised their price target on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $77.64.

Mondelez International Price Performance

MDLZ opened at $58.29 on Thursday. Mondelez International, Inc. has a twelve month low of $57.67 and a twelve month high of $77.20. The firm has a market cap of $77.95 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 2.80 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 company has a fifty day simple moving average of $63.04 and a 200 day simple moving average of $67.71.

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, topping 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%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.82 earnings per share. Equities research analysts expect that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Mondelez International Announces Dividend

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

Mondelez International announced that its Board of Directors has initiated a share repurchase program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase programs are typically an indication 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.