First Citizens Bank & Trust Co. Sells 4,810 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

First Citizens Bank & Trust Co. lowered its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 122,863 shares of the company’s stock after selling 4,810 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Mondelez International were worth $7,339,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Truvestments Capital LLC bought a new position in Mondelez International during the 3rd quarter worth approximately $25,000. Prospera Private Wealth LLC bought a new stake in Mondelez International in the 3rd quarter valued at about $27,000. Richardson Financial Services Inc. increased its holdings in shares of Mondelez International by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after acquiring an additional 200 shares in the last quarter. Highline Wealth Partners LLC bought a new stake in Mondelez International during the 3rd quarter valued at $38,000. Finally, Hara Capital LLC bought a new stake in shares of Mondelez International during the third quarter worth about $45,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Up 0.8 %

MDLZ opened at $57.42 on Friday. The company has a 50 day moving average of $60.74 and a 200 day moving average of $66.93. The company has a market cap of $76.78 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 2.96 and a beta of 0.54. Mondelez International, Inc. has a 12 month low of $55.97 and a 12 month high of $77.20. 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 (NASDAQ:MDLZ) last issued its earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. During the same quarter last year, the company earned $0.82 EPS. The firm’s revenue was up 1.9% compared to the same quarter last year. On average, sell-side analysts expect that Mondelez International, Inc. will post 3.45 EPS for the current year.

Mondelez International declared that its board has approved a share buyback plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 10.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s payout ratio is 66.67%.

Analyst Ratings Changes

Several brokerages recently issued reports on MDLZ. Citigroup decreased their price target on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Jefferies Financial Group lowered shares of Mondelez International from a “buy” rating to a “hold” rating and reduced their target price for the stock from $75.00 to $62.00 in a research note on Tuesday, January 21st. Stifel Nicolaus reduced their price objective on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Friday. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $61.00 price objective (down from $74.00) on shares of Mondelez International in a research report on Tuesday, January 7th. Finally, Bank of America upped their target price on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $73.06.

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.