1ST Source Bank Sells 320 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

1ST Source Bank lessened its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,643 shares of the company’s stock after selling 320 shares during the period. 1ST Source Bank’s holdings in Mondelez International were worth $397,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Canopy Partners LLC raised its stake in Mondelez International by 1.2% during the third quarter. Canopy Partners LLC now owns 13,335 shares of the company’s stock worth $982,000 after buying an additional 161 shares during the last quarter. Hardy Reed LLC raised its stake in Mondelez International by 1.4% during the third quarter. Hardy Reed LLC now owns 11,511 shares of the company’s stock worth $848,000 after buying an additional 161 shares during the last quarter. Continuum Advisory LLC raised its stake in Mondelez International by 7.4% during the third quarter. Continuum Advisory LLC now owns 2,542 shares of the company’s stock worth $187,000 after buying an additional 175 shares during the last quarter. First Horizon Advisors Inc. raised its stake in Mondelez International by 1.8% during the fourth quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company’s stock worth $627,000 after buying an additional 181 shares during the last quarter. Finally, Traphagen Investment Advisors LLC increased its stake in Mondelez International by 0.8% in the fourth quarter. Traphagen Investment Advisors LLC now owns 23,619 shares of the company’s stock valued at $1,411,000 after purchasing an additional 187 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Up 1.2 %

Mondelez International stock opened at $65.09 on Tuesday. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The stock has a market cap of $84.20 billion, a PE ratio of 19.03, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The firm’s 50-day simple moving average is $60.83 and its 200 day simple moving average is $65.30. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date is Monday, March 31st. Mondelez International’s payout ratio is 54.97%.

Mondelez International declared that its board has authorized a share 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 repurchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MDLZ. Mizuho lifted their price target on shares of Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, February 14th. Dbs Bank downgraded shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. The Goldman Sachs Group decreased their price target on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Barclays decreased their price target on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Finally, UBS Group decreased their price target on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $69.74.

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.