Citizens & Northern Corp Purchases 723 Shares of Mondelez International, Inc. $MDLZ

Citizens & Northern Corp boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,011 shares of the company’s stock after buying an additional 723 shares during the period. Citizens & Northern Corp’s holdings in Mondelez International were worth $2,159,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in MDLZ. Abound Financial LLC bought a new position in shares of Mondelez International in the 1st quarter valued at $25,000. Goodman Advisory Group LLC acquired a new position in shares of Mondelez International in the first quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. raised its position in Mondelez International by 376.1% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company’s stock worth $30,000 after purchasing an additional 346 shares during the last quarter. North Capital Inc. acquired a new stake in Mondelez International during the 1st quarter valued at approximately $31,000. Finally, Financial Connections Group Inc. acquired a new stake in shares of Mondelez International during the second quarter worth $33,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Down 1.7%

Shares of NASDAQ:MDLZ opened at $61.75 on Wednesday. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $71.39. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. The stock has a fifty day simple moving average of $62.25 and a two-hundred day simple moving average of $65.19. The stock has a market capitalization of $79.90 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 5.62 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. The business had revenue of $7.30 billion during the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. On average, research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. This is a boost from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Tuesday, September 30th. Mondelez International’s payout ratio is 73.26%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on MDLZ shares. Berenberg Bank downgraded Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a report on Thursday, October 2nd. JPMorgan Chase & Co. reduced their price objective on shares of Mondelez International from $75.00 to $74.00 and set an “overweight” rating for the company in a research report on Friday, October 17th. Stifel Nicolaus lifted their price target on Mondelez International from $73.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Mondelez International in a report on Tuesday, October 14th. Finally, Morgan Stanley dropped their target price on Mondelez International from $73.00 to $71.00 and set an “overweight” rating for the company in a report on Monday, October 6th. Twelve investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $70.22.

About Mondelez International

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.