Arlington Trust Co LLC Boosts Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Arlington Trust Co LLC grew its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 47.4% in the 4th quarter, HoldingsChannel reports. The firm owned 3,083 shares of the company’s stock after purchasing an additional 992 shares during the quarter. Arlington Trust Co LLC’s holdings in Mondelez International were worth $184,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Brookstone Capital Management boosted its stake 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 valued at $683,000 after buying an additional 1,230 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Mondelez International by 242.5% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 9,042 shares of the company’s stock worth $670,000 after acquiring an additional 6,402 shares during the last quarter. Fiduciary Financial Group LLC grew its holdings in Mondelez International by 5.8% during the 3rd quarter. Fiduciary Financial Group LLC now owns 3,666 shares of the company’s stock worth $260,000 after acquiring an additional 200 shares in the last quarter. Valeo Financial Advisors LLC increased its position in shares of Mondelez International by 3.3% in the 3rd quarter. Valeo Financial Advisors LLC now owns 33,698 shares of the company’s stock valued at $2,483,000 after purchasing an additional 1,076 shares during the last quarter. Finally, Carnegie Investment Counsel raised its holdings in shares of Mondelez International by 1.4% in the 3rd quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock valued at $811,000 after purchasing an additional 151 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on MDLZ. Piper Sandler cut Mondelez International from an “overweight” rating to a “neutral” rating and cut their price target for the company from $70.00 to $63.00 in a research note on Friday, January 31st. Wells Fargo & Company reduced their price objective on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Stifel Nicolaus dropped their target price on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Bank of America boosted their price target on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Finally, Jefferies Financial Group lowered Mondelez International from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $69.72.

Mondelez International Stock Up 1.1 %

MDLZ stock opened at $58.45 on Monday. The stock has a market capitalization of $78.16 billion, a PE ratio of 17.09, a price-to-earnings-growth ratio of 4.04 and a beta of 0.54. The company has a fifty day moving average of $59.34 and a 200-day moving average of $66.35. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.42 and a current ratio of 0.68. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 EPS 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%. As a group, analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is currently 54.97%.

Mondelez International declared that its Board of Directors has initiated a share buyback plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 10.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is 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.