Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by First Hawaiian Bank

First Hawaiian Bank decreased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 9.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,748 shares of the company’s stock after selling 792 shares during the quarter. First Hawaiian Bank’s holdings in Mondelez International were worth $463,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Douglas Lane & Associates LLC increased its holdings in shares of Mondelez International by 1.4% during the 4th quarter. Douglas Lane & Associates LLC now owns 14,130 shares of the company’s stock worth $844,000 after buying an additional 198 shares during the last quarter. Diversified Trust Co grew its position in Mondelez International by 85.6% in the fourth quarter. Diversified Trust Co now owns 41,574 shares of the company’s stock worth $2,483,000 after acquiring an additional 19,175 shares during the period. Canandaigua National Bank & Trust Co. increased its stake in Mondelez International by 50.5% during the fourth quarter. Canandaigua National Bank & Trust Co. now owns 32,565 shares of the company’s stock worth $1,945,000 after acquiring an additional 10,920 shares during the last quarter. Boltwood Capital Management raised its position in Mondelez International by 3.0% in the fourth quarter. Boltwood Capital Management now owns 13,270 shares of the company’s stock valued at $793,000 after purchasing an additional 382 shares during the period. Finally, Central Pacific Bank Trust Division lifted its stake in shares of Mondelez International by 8.3% in the 4th quarter. Central Pacific Bank Trust Division now owns 11,644 shares of the company’s stock valued at $695,000 after purchasing an additional 897 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $56.25 on Friday. The business has a 50-day simple moving average of $62.59 and a 200-day simple moving average of $67.56. The company has a market cap of $75.22 billion, a PE ratio of 19.95, a P/E/G ratio of 2.80 and a beta of 0.54. Mondelez International, Inc. has a one year low of $56.21 and a one year high of $77.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating 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 net margin of 10.58% and a return on equity of 17.53%. The company’s revenue was up 1.9% on a year-over-year basis. During the same period last year, the business earned $0.82 EPS. On average, equities research analysts forecast that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.47 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.34%. Mondelez International’s dividend payout ratio is currently 66.67%.

Mondelez International announced that its board has authorized a stock repurchase program on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to reacquire up to 10.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on MDLZ shares. Deutsche Bank Aktiengesellschaft downgraded Mondelez International from a “buy” rating to a “hold” rating and cut their price objective for the stock from $78.00 to $67.00 in a research report on Thursday, December 12th. Stifel Nicolaus boosted their price target on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Citigroup decreased their price objective on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday. Redburn Atlantic initiated coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price for the company. Finally, Evercore ISI upped their price target on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and an average target price of $77.64.

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.