Thomasville National Bank Sells 1,345 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Thomasville National Bank decreased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 15.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,484 shares of the company’s stock after selling 1,345 shares during the period. Thomasville National Bank’s holdings in Mondelez International were worth $447,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Capital Investment Advisors LLC raised its holdings in shares of Mondelez International by 3.4% in the 4th quarter. Capital Investment Advisors LLC now owns 14,080 shares of the company’s stock worth $841,000 after purchasing an additional 467 shares during the period. Brookstone Capital Management increased its position in Mondelez International by 45.9% in the fourth quarter. Brookstone Capital Management now owns 13,535 shares of the company’s stock worth $808,000 after buying an additional 4,260 shares during the last quarter. Czech National Bank raised its stake in shares of Mondelez International by 6.5% in the fourth quarter. Czech National Bank now owns 289,931 shares of the company’s stock valued at $17,318,000 after buying an additional 17,815 shares during the period. Jacobs & Co. CA raised its stake in shares of Mondelez International by 3.2% in the fourth quarter. Jacobs & Co. CA now owns 122,951 shares of the company’s stock valued at $7,343,000 after buying an additional 3,815 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its position in shares of Mondelez International by 2.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 20,258 shares of the company’s stock valued at $1,210,000 after buying an additional 496 shares during the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $56.17 on Tuesday. The stock has a market cap of $75.11 billion, a P/E ratio of 19.92, a PEG ratio of 2.80 and a beta of 0.54. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The business’s 50-day moving average price is $62.34 and its two-hundred day moving average price is $67.50. Mondelez International, Inc. has a twelve month low of $55.97 and a twelve month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. During the same period last year, the firm posted $0.82 earnings per share. Mondelez International’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, equities analysts predict that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Mondelez International announced that its Board of Directors has initiated a stock buyback program on Wednesday, December 11th that permits the company to buyback $9.00 billion in shares. This buyback authorization permits the company to reacquire up to 10.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Mondelez International Dividend Announcement

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

Analyst Ratings Changes

MDLZ has been the subject of several recent research reports. Wells Fargo & Company reissued an “equal weight” rating and issued a $61.00 price objective (down previously from $74.00) on shares of Mondelez International in a report on Tuesday, January 7th. Stifel Nicolaus boosted their price target on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Bank of America raised their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Piper Sandler boosted their target price on shares of Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft lowered Mondelez International from a “buy” rating to a “hold” rating and cut their price target for the stock from $78.00 to $67.00 in a report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $77.64.

Mondelez International Company 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.