First National Advisers LLC Buys 10,254 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

First National Advisers LLC lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 42.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 34,436 shares of the company’s stock after purchasing an additional 10,254 shares during the quarter. First National Advisers LLC’s holdings in Mondelez International were worth $2,057,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Truvestments Capital LLC bought a new position in Mondelez International in the 3rd quarter worth about $25,000. Marshall Investment Management LLC bought a new position in Mondelez International in the 4th quarter worth about $26,000. Prospera Private Wealth LLC bought a new position in Mondelez International in the 3rd quarter worth about $27,000. Hager Investment Management Services LLC bought a new position in Mondelez International in the 4th quarter worth about $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Mondelez International in the 4th quarter worth about $31,000. 78.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MDLZ has been the topic of a number of research analyst reports. Royal Bank of Canada decreased their target price on Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Barclays reduced their price objective on Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Jefferies Financial Group lowered Mondelez International from a “buy” rating to a “hold” rating and reduced their price objective for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. Citigroup reduced their price objective on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and an average price target of $69.74.

Mondelez International Trading Down 0.6 %

NASDAQ MDLZ opened at $64.31 on Friday. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The stock has a 50 day simple moving average of $60.69 and a two-hundred day simple moving average of $65.38. The stock has a market cap of $83.19 billion, a P/E ratio of 18.80, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50.

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

Mondelez International declared that its Board of Directors has initiated a stock repurchase program 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 shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio is currently 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.