Citizens National Bank Trust Department Sells 1,895 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Citizens National Bank Trust Department cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,520 shares of the company’s stock after selling 1,895 shares during the quarter. Citizens National Bank Trust Department’s holdings in Mondelez International were worth $1,883,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Truvestments Capital LLC bought a new position in shares of Mondelez International in the 3rd quarter worth $25,000. Prospera Private Wealth LLC acquired a new position in Mondelez International in the third quarter valued at about $27,000. Richardson Financial Services Inc. boosted its holdings in Mondelez International by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after buying an additional 200 shares during the last quarter. Hager Investment Management Services LLC acquired a new position in shares of Mondelez International during the 4th quarter worth about $27,000. Finally, Highline Wealth Partners LLC bought a new stake in shares of Mondelez International in the 3rd quarter valued at about $38,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on MDLZ shares. Wells Fargo & Company reduced their price objective on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Wednesday, January 22nd. Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and lowered their price objective for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. Piper Sandler lowered Mondelez International from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $70.00 to $63.00 in a report on Friday, January 31st. Finally, Barclays lowered their price target on Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $69.74.

Mondelez International Trading Up 1.3 %

Mondelez International stock opened at $61.96 on Thursday. The company has a market cap of $80.14 billion, a price-to-earnings ratio of 18.12, a P/E/G ratio of 4.27 and a beta of 0.54. The firm has a 50-day moving average of $58.93 and a 200-day moving average of $65.97. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06.

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

Mondelez International announced that its Board of Directors has approved a share repurchase plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a yield of 3.03%. Mondelez International’s payout ratio is 54.97%.

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.