Ledyard National Bank Sells 28,183 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Ledyard National Bank lowered its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 16.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 146,033 shares of the company’s stock after selling 28,183 shares during the quarter. Ledyard National Bank’s holdings in Mondelez International were worth $8,723,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Atomi Financial Group Inc. lifted its position in Mondelez International by 47.9% in the third quarter. Atomi Financial Group Inc. now owns 8,898 shares of the company’s stock worth $655,000 after buying an additional 2,882 shares during the last quarter. Brookstone Capital Management lifted its holdings in shares of Mondelez International by 15.3% in the 3rd quarter. Brookstone Capital Management now owns 9,275 shares of the company’s stock worth $683,000 after acquiring an additional 1,230 shares during the last quarter. CWM LLC boosted its stake in shares of Mondelez International by 9.8% during the 3rd quarter. CWM LLC now owns 102,703 shares of the company’s stock worth $7,566,000 after purchasing an additional 9,208 shares during the period. Wedmont Private Capital grew its holdings in Mondelez International by 3.4% during the 3rd quarter. Wedmont Private Capital now owns 10,150 shares of the company’s stock valued at $721,000 after purchasing an additional 330 shares during the last quarter. Finally, Enterprise Bank & Trust Co raised its position in Mondelez International by 1.8% in the 3rd quarter. Enterprise Bank & Trust Co now owns 24,381 shares of the company’s stock worth $1,796,000 after purchasing an additional 423 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Trading Up 0.7 %

MDLZ opened at $57.83 on Friday. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The stock has a fifty day moving average price of $59.61 and a 200-day moving average price of $66.47. The firm has a market cap of $77.33 billion, a price-to-earnings ratio of 20.51, a PEG ratio of 3.12 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.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. As a group, equities research analysts anticipate that Mondelez International, Inc. will post 3.44 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.25%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s dividend payout ratio is currently 66.67%.

Mondelez International announced that its board has authorized a share buyback program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Piper Sandler lowered Mondelez International from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $70.00 to $63.00 in a research report on Friday, January 31st. Redburn Atlantic initiated coverage on Mondelez International in a report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective for the company. The Goldman Sachs Group reduced their target price on Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday. Stifel Nicolaus lowered their target price on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Finally, Royal Bank of Canada reduced their price target on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research note on Thursday. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $70.76.

Mondelez International Company 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.