Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by CENTRAL TRUST Co

CENTRAL TRUST Co reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,001 shares of the company’s stock after selling 2,212 shares during the period. CENTRAL TRUST Co’s holdings in Mondelez International were worth $3,464,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in MDLZ. Axiom Advisory LLC boosted its stake in shares of Mondelez International by 1.6% in the third quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock valued at $643,000 after purchasing an additional 143 shares during the period. Hazlett Burt & Watson Inc. lifted its holdings in Mondelez International by 16.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock worth $78,000 after buying an additional 150 shares in the last quarter. Carnegie Investment Counsel boosted its position in 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 buying an additional 151 shares during the last quarter. SeaCrest Wealth Management LLC boosted its position in Mondelez International by 1.3% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 12,130 shares of the company’s stock valued at $894,000 after buying an additional 156 shares during the last quarter. Finally, Quent Capital LLC grew its stake in shares of Mondelez International by 5.5% during the third quarter. Quent Capital LLC now owns 3,047 shares of the company’s stock valued at $225,000 after acquiring an additional 160 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Bank of America boosted their price target on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $75.00 target price on shares of Mondelez International in a research report on Thursday. The Goldman Sachs Group decreased their price target on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and cut their price target for the company from $75.00 to $62.00 in a report on Tuesday, January 21st. Finally, UBS Group decreased their price objective on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $72.76.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $57.99 on Monday. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The business has a 50 day moving average of $60.09 and a two-hundred day moving average of $66.67. The company has a market cap of $77.54 billion, a P/E ratio of 20.56, a PEG ratio of 3.12 and a beta of 0.54. Mondelez International, Inc. has a 52 week low of $55.97 and a 52 week high of $77.20.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 3.24%. Mondelez International’s payout ratio is currently 66.67%.

Mondelez International announced that its board has initiated a share repurchase 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 typically a sign that the company’s board believes its stock is undervalued.

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.