Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by First National Bank & Trust Co. of Newtown

First National Bank & Trust Co. of Newtown trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 19.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,660 shares of the company’s stock after selling 1,384 shares during the period. First National Bank & Trust Co. of Newtown’s holdings in Mondelez International were worth $338,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MDLZ. Advyzon Investment Management LLC acquired a new position in shares of Mondelez International during the fourth quarter valued at $218,000. Handelsbanken Fonder AB boosted its stake in Mondelez International by 9.1% during the fourth quarter. Handelsbanken Fonder AB now owns 612,961 shares of the company’s stock valued at $36,612,000 after buying an additional 50,970 shares in the last quarter. Private Advisor Group LLC grew its holdings in Mondelez International by 4.8% during the fourth quarter. Private Advisor Group LLC now owns 65,672 shares of the company’s stock worth $3,923,000 after acquiring an additional 2,985 shares during the period. ICICI Prudential Asset Management Co Ltd raised its position in Mondelez International by 430.0% in the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company’s stock worth $5,520,000 after acquiring an additional 74,975 shares in the last quarter. Finally, Financial Perspectives Inc lifted its holdings in Mondelez International by 53.9% in the 4th quarter. Financial Perspectives Inc now owns 768 shares of the company’s stock valued at $46,000 after acquiring an additional 269 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Price Performance

Shares of MDLZ opened at $61.96 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The company has a market capitalization of $80.14 billion, a price-to-earnings ratio of 18.12, a P/E/G ratio of 4.24 and a beta of 0.54. The business’s 50-day moving average is $58.93 and its 200-day moving average is $65.97. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06.

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 net margin of 12.68% and a return on equity of 16.75%. Equities research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International declared that its Board of Directors has authorized a stock repurchase program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 10.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.03%. Mondelez International’s dividend payout ratio is 54.97%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MDLZ. Citigroup lowered their price objective on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Stifel Nicolaus decreased their price target on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Royal Bank of Canada cut their price objective on Mondelez International from $75.00 to $69.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. UBS Group decreased their target price on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft cut their target price 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 equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.74.

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.