Peoples Financial Services CORP. Has $990,000 Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Peoples Financial Services CORP. lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 16,584 shares of the company’s stock after selling 870 shares during the quarter. Peoples Financial Services CORP.’s holdings in Mondelez International were worth $990,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MDLZ. Mesirow Financial Investment Management Inc. boosted its holdings in shares of Mondelez International by 5.0% in the second quarter. Mesirow Financial Investment Management Inc. now owns 21,723 shares of the company’s stock valued at $1,422,000 after buying an additional 1,042 shares during the period. One Capital Management LLC boosted its holdings in shares of Mondelez International by 27.2% in the second quarter. One Capital Management LLC now owns 6,220 shares of the company’s stock valued at $407,000 after buying an additional 1,331 shares during the period. Citizens Financial Group Inc. RI boosted its holdings in shares of Mondelez International by 17.9% in the second quarter. Citizens Financial Group Inc. RI now owns 90,943 shares of the company’s stock valued at $5,951,000 after buying an additional 13,785 shares during the period. Wulff Hansen & CO. boosted its holdings in shares of Mondelez International by 6,311.0% in the second quarter. Wulff Hansen & CO. now owns 1,750,847 shares of the company’s stock valued at $114,575,000 after buying an additional 1,723,537 shares during the period. Finally, Luts & Greenleigh Group Inc. acquired a new position in shares of Mondelez International in the second quarter valued at approximately $687,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group reduced their price target on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating for the company in a report on Tuesday. Stifel Nicolaus boosted their price objective on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Wells Fargo & Company reissued an “equal weight” rating and issued a $61.00 price objective (down previously from $74.00) on shares of Mondelez International in a research report on Tuesday, January 7th. Piper Sandler boosted their price objective on shares of Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, Citigroup cut their price objective on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.79.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $57.10 on Wednesday. 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 firm’s fifty day moving average price is $62.11 and its two-hundred day moving average price is $67.44. Mondelez International, Inc. has a 1 year low of $55.97 and a 1 year high of $77.20. The firm has a market capitalization of $76.35 billion, a P/E ratio of 20.25, a price-to-earnings-growth ratio of 2.80 and a beta of 0.54.

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, topping the consensus estimate of $0.85 by $0.14. The firm 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 quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.82 earnings per share. As a group, research analysts anticipate that Mondelez International, Inc. will post 3.48 EPS for the current year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.29%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s payout ratio is presently 66.67%.

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