ST Germain D J Co. Inc. Has $171,000 Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

ST Germain D J Co. Inc. grew its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 9.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,862 shares of the company’s stock after purchasing an additional 250 shares during the period. ST Germain D J Co. Inc.’s holdings in Mondelez International were worth $171,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Legacy Private Trust Co. grew its position in Mondelez International by 33.2% during the fourth quarter. Legacy Private Trust Co. now owns 3,841 shares of the company’s stock worth $229,000 after buying an additional 957 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in shares of Mondelez International by 1,904.9% during the 3rd quarter. Benjamin Edwards Inc. now owns 425,805 shares of the company’s stock worth $31,369,000 after purchasing an additional 404,567 shares in the last quarter. Kingsview Wealth Management LLC increased its position in shares of Mondelez International by 14.3% during the third quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company’s stock valued at $8,430,000 after purchasing an additional 14,278 shares during the period. Daiwa Securities Group Inc. increased its position in shares of Mondelez International by 11.6% during the third quarter. Daiwa Securities Group Inc. now owns 249,067 shares of the company’s stock valued at $18,349,000 after purchasing an additional 25,833 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of Mondelez International by 5.6% in the third quarter. Principal Financial Group Inc. now owns 1,567,067 shares of the company’s stock valued at $115,446,000 after purchasing an additional 82,742 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Wells Fargo & Company reissued an “equal weight” rating and issued a $61.00 price target (down previously from $74.00) on shares of Mondelez International in a report on Tuesday, January 7th. Bank of America upped their target price on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Redburn Atlantic began coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target for the company. Evercore ISI upped their price objective on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Finally, Deutsche Bank Aktiengesellschaft downgraded Mondelez International from a “buy” rating to a “hold” rating and cut their target price for the stock 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 given a buy rating to the company’s stock. According to MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and an average target price of $77.64.

Mondelez International Stock Down 3.5 %

NASDAQ:MDLZ opened at $56.25 on Friday. The company has a market cap of $75.22 billion, a price-to-earnings ratio of 19.95, a P/E/G ratio of 2.80 and a beta of 0.54. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The stock’s fifty day moving average price is $62.59 and its two-hundred day moving average price is $67.56. Mondelez International, Inc. has a 52-week low of $56.21 and a 52-week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.14. The business had revenue of $9.20 billion for 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%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.82 earnings per share. On average, analysts anticipate that Mondelez International, Inc. will post 3.48 EPS for the current year.

Mondelez International Dividend Announcement

The firm also recently declared 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. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend is Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is 66.67%.

Mondelez International declared that its Board of Directors has initiated a share repurchase plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board 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.