Intrust Bank NA Sells 3,152 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Intrust Bank NA lowered its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 14.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 19,220 shares of the company’s stock after selling 3,152 shares during the period. Intrust Bank NA’s holdings in Mondelez International were worth $1,148,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in MDLZ. Allstate Corp bought a new stake in Mondelez International during the 4th quarter valued at $2,379,000. DnB Asset Management AS increased its position in shares of Mondelez International by 8.4% in the fourth quarter. DnB Asset Management AS now owns 298,679 shares of the company’s stock valued at $17,840,000 after acquiring an additional 23,040 shares during the period. Cincinnati Insurance Co. raised its stake in shares of Mondelez International by 33.4% during the fourth quarter. Cincinnati Insurance Co. now owns 1,159,500 shares of the company’s stock valued at $69,257,000 after acquiring an additional 290,000 shares during the last quarter. denkapparat Operations GmbH purchased a new stake in shares of Mondelez International during the fourth quarter worth about $342,000. Finally, Orion Portfolio Solutions LLC grew its stake in shares of Mondelez International by 68.3% in the fourth quarter. Orion Portfolio Solutions LLC now owns 156,181 shares of the company’s stock worth $9,329,000 after purchasing an additional 63,399 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MDLZ. Stifel Nicolaus cut their price objective on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. The Goldman Sachs Group decreased their price objective on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Jefferies Financial Group lowered shares of Mondelez International from a “buy” rating to a “hold” rating and cut their target price for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. Citigroup decreased their price target on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Finally, Morgan Stanley began coverage on shares of Mondelez International in a report on Monday, March 24th. They issued an “overweight” rating and a $69.00 price objective for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $69.50.

Mondelez International Stock Performance

MDLZ stock opened at $67.72 on Friday. The stock’s 50 day simple moving average is $62.25 and its 200 day simple moving average is $64.81. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The stock has a market capitalization of $87.60 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50.

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

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be paid a $0.47 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.78%. Mondelez International’s dividend payout ratio is presently 54.97%.

Mondelez International announced that its Board of Directors has authorized a share repurchase plan on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to purchase up to 10.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its shares are 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.