Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Trust Co. of Vermont

Trust Co. of Vermont decreased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 78,854 shares of the company’s stock after selling 3,098 shares during the period. Trust Co. of Vermont’s holdings in Mondelez International were worth $4,710,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MDLZ. Mizuho Securities USA LLC lifted its stake in Mondelez International by 12,057.4% during the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock valued at $926,327,000 after purchasing an additional 12,470,573 shares during the last quarter. Ilex Capital Partners UK LLP purchased a new position in shares of Mondelez International in the third quarter worth approximately $219,045,000. FMR LLC raised its holdings in shares of Mondelez International by 14.2% during the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock valued at $1,344,894,000 after acquiring an additional 2,268,639 shares during the period. Holocene Advisors LP acquired a new position in Mondelez International in the 3rd quarter worth approximately $159,823,000. Finally, National Bank of Canada FI raised its stake in Mondelez International by 173.7% during the 3rd quarter. National Bank of Canada FI now owns 3,049,440 shares of the company’s stock valued at $224,652,000 after purchasing an additional 1,935,356 shares during the period. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. UBS Group lowered their price target on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday. Stifel Nicolaus upped their price target on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft cut Mondelez International from a “buy” rating to a “hold” rating and reduced their price objective for the company from $78.00 to $67.00 in a research report on Thursday, December 12th. Citigroup cut their price target on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group cut their price objective on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a research report on Tuesday. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.93.

Mondelez International Stock Down 0.2 %

Shares of NASDAQ MDLZ traded down $0.14 during mid-day trading on Friday, hitting $57.86. The company had a trading volume of 12,663,200 shares, compared to its average volume of 8,683,674. The company has a market capitalization of $77.37 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 2.99 and a beta of 0.54. Mondelez International, Inc. has a one year low of $55.97 and a one year high of $77.20. The firm has a 50-day simple moving average of $61.76 and a two-hundred day simple moving average of $67.30. 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 posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. The business had revenue of $9.20 billion during 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%. Mondelez International’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the company posted $0.82 earnings per share. On average, equities analysts expect that Mondelez International, Inc. will post 3.48 EPS for the current year.

Mondelez International Dividend Announcement

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

Mondelez International declared that its Board of Directors has approved a stock repurchase plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to purchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

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.