Hilltop National Bank Cuts Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Hilltop National Bank trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 31.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,836 shares of the company’s stock after selling 830 shares during the quarter. Hilltop National Bank’s holdings in Mondelez International were worth $110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. MGO One Seven LLC raised its stake in shares of Mondelez International by 1.6% during the 2nd quarter. MGO One Seven LLC now owns 15,857 shares of the company’s stock worth $1,038,000 after purchasing an additional 251 shares during the period. LPL Financial LLC raised its stake in shares of Mondelez International by 4.3% during the 2nd quarter. LPL Financial LLC now owns 1,381,246 shares of the company’s stock worth $90,389,000 after purchasing an additional 57,159 shares during the period. Johnson Investment Counsel Inc. raised its stake in shares of Mondelez International by 0.6% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 54,672 shares of the company’s stock worth $3,578,000 after purchasing an additional 323 shares during the period. Vest Financial LLC raised its stake in shares of Mondelez International by 18.0% during the 2nd quarter. Vest Financial LLC now owns 3,885 shares of the company’s stock worth $254,000 after purchasing an additional 593 shares during the period. Finally, Main Street Financial Solutions LLC raised its stake in shares of Mondelez International by 2.8% during the 2nd quarter. Main Street Financial Solutions LLC now owns 8,436 shares of the company’s stock worth $552,000 after purchasing an additional 227 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Down 3.5 %

Shares of NASDAQ MDLZ opened at $56.25 on Friday. The firm has a market capitalization of $75.22 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 2.80 and a beta of 0.54. The business has a 50-day moving average of $62.59 and a 200-day moving average of $67.56. 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, Inc. has a 12 month low of $56.21 and a 12 month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its 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 business had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. Mondelez International’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.82 earnings per share. Sell-side analysts expect that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Mondelez International announced 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 shares. This repurchase authorization authorizes the company to reacquire up to 10.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.34%. The ex-dividend date is Tuesday, December 31st. Mondelez International’s dividend payout ratio is currently 66.67%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Evercore ISI lifted their target price on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Wells Fargo & Company restated an “equal weight” rating and issued a $61.00 price objective (down from $74.00) on shares of Mondelez International in a research note on Tuesday. Redburn Atlantic assumed coverage on Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective on the stock. Piper Sandler boosted their price objective on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Stifel Nicolaus upped their price target on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $77.64.

Mondelez International Company 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.