Community Financial Services Group LLC Purchases 1,767 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Community Financial Services Group LLC lifted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 4.2% during the 4th quarter, HoldingsChannel reports. The fund owned 43,983 shares of the company’s stock after acquiring an additional 1,767 shares during the quarter. Community Financial Services Group LLC’s holdings in Mondelez International were worth $2,627,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in MDLZ. Carnegie Investment Counsel boosted its stake in Mondelez International by 1.4% in the third quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock valued at $811,000 after buying an additional 151 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in Mondelez International by 177.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 26,696 shares of the company’s stock worth $1,967,000 after purchasing an additional 17,060 shares during the last quarter. CX Institutional boosted its position in Mondelez International by 44.5% during the third quarter. CX Institutional now owns 82,901 shares of the company’s stock valued at $6,107,000 after acquiring an additional 25,532 shares during the last quarter. Creative Planning boosted its position in shares of Mondelez International by 4.8% during the 3rd quarter. Creative Planning now owns 343,226 shares of the company’s stock valued at $25,285,000 after purchasing an additional 15,845 shares in the last quarter. Finally, Benson Investment Management Company Inc. acquired a new stake in shares of Mondelez International during the 3rd quarter worth approximately $5,221,000. 78.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MDLZ has been the topic of a number of recent research reports. Wells Fargo & Company cut their target price on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Stifel Nicolaus decreased their target price on Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, January 24th. The Goldman Sachs Group lowered their target price on Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Royal Bank of Canada dropped their target price on Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. Finally, Barclays reduced their price objective on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and an average price target of $69.72.

Mondelez International Trading Up 3.3 %

Mondelez International stock opened at $60.45 on Wednesday. The company has a quick ratio of 0.42, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The stock has a 50-day moving average price of $59.20 and a 200 day moving average price of $66.30. The company has a market capitalization of $80.83 billion, a price-to-earnings ratio of 17.68, a price-to-earnings-growth ratio of 4.04 and a beta of 0.54.

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

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a $0.47 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.11%. Mondelez International’s payout ratio is presently 54.97%.

Mondelez International declared that its Board of Directors has initiated a share buyback plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to repurchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

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.