Thomasville National Bank Cuts Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Thomasville National Bank lowered its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 15.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 7,484 shares of the company’s stock after selling 1,345 shares during the quarter. Thomasville National Bank’s holdings in Mondelez International were worth $447,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in MDLZ. Wealthspire Advisors LLC lifted its stake in shares of Mondelez International by 14.0% in the 2nd quarter. Wealthspire Advisors LLC now owns 18,116 shares of the company’s stock valued at $1,185,000 after acquiring an additional 2,222 shares during the last quarter. Fairfield Financial Advisors LTD purchased a new position in Mondelez International in the 2nd quarter worth approximately $46,000. Capital Wealth Planning LLC lifted its position in Mondelez International by 6.7% in the second quarter. Capital Wealth Planning LLC now owns 9,550 shares of the company’s stock valued at $625,000 after purchasing an additional 600 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Mondelez International by 40.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock valued at $1,094,557,000 after purchasing an additional 4,794,746 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Mondelez International by 13.6% in the second quarter. Dimensional Fund Advisors LP now owns 8,970,204 shares of the company’s stock worth $587,094,000 after purchasing an additional 1,071,719 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Down 0.1 %

Shares of Mondelez International stock opened at $56.17 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. The stock has a market capitalization of $75.11 billion, a PE ratio of 19.92, a P/E/G ratio of 2.80 and a beta of 0.54. Mondelez International, Inc. has a 1-year low of $55.97 and a 1-year high of $77.20. The company’s fifty day simple moving average is $62.34 and its 200-day simple moving average is $67.50.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $9.11 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. Mondelez International’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, equities analysts anticipate that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.35%. The ex-dividend date is Tuesday, December 31st. Mondelez International’s dividend payout ratio is 66.67%.

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

Wall Street Analyst Weigh In

MDLZ has been the topic of a number of recent analyst reports. Wells Fargo & Company reissued an “equal weight” rating and issued a $61.00 price target (down previously from $74.00) on shares of Mondelez International in a report on Tuesday, January 7th. Bank of America lifted their price objective on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Stifel Nicolaus lifted their price target on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Piper Sandler increased their price objective on shares of Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Finally, Redburn Atlantic began coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and an average target price of $77.64.

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.