Crews Bank & Trust Makes New $122,000 Investment in Mondelez International, Inc. (NASDAQ:MDLZ)

Crews Bank & Trust bought a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,049 shares of the company’s stock, valued at approximately $122,000.

Several other hedge funds have also recently made changes to their positions in MDLZ. Truvestments Capital LLC bought a new stake in Mondelez International during the third quarter worth approximately $25,000. Prospera Private Wealth LLC bought a new position in shares of Mondelez International during the 3rd quarter valued at approximately $27,000. Richardson Financial Services Inc. raised its holdings in Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after buying an additional 200 shares during the period. Highline Wealth Partners LLC bought a new stake in Mondelez International in the third quarter worth $38,000. Finally, Albion Financial Group UT purchased a new position in Mondelez International during the fourth quarter worth $38,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Trading Down 0.7 %

Shares of NASDAQ:MDLZ opened at $57.99 on Friday. The company has a market capitalization of $77.54 billion, a PE ratio of 20.56, a P/E/G ratio of 3.05 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, Inc. has a 12-month low of $55.97 and a 12-month high of $77.20. The business’s fifty day simple moving average is $60.22 and its 200-day simple moving average is $66.71.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. During the same period in the prior year, the firm posted $0.82 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, equities research analysts predict that Mondelez International, Inc. will post 3.44 earnings per share for the current fiscal year.

Mondelez International declared that its Board of Directors has initiated a share repurchase program on Wednesday, December 11th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 10.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were paid a $0.47 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 3.24%. Mondelez International’s dividend payout ratio (DPR) is 66.67%.

Analyst Upgrades and Downgrades

MDLZ has been the topic of several recent analyst reports. Wells Fargo & Company reissued an “equal weight” rating and issued a $61.00 target price (down previously from $74.00) on shares of Mondelez International in a research note on Tuesday, January 7th. Bank of America raised their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. UBS Group cut their target price on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Jefferies Financial Group lowered Mondelez International from a “buy” rating to a “hold” rating and decreased their price target for the stock from $75.00 to $62.00 in a research note on Tuesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Wednesday, January 22nd. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and an average price target of $72.76.

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.