Citizens & Northern Corp Boosts Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Citizens & Northern Corp boosted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,205 shares of the company’s stock after purchasing an additional 1,143 shares during the period. Citizens & Northern Corp’s holdings in Mondelez International were worth $1,924,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MDLZ. Truvestments Capital LLC purchased a new stake in Mondelez International in the third quarter worth $25,000. Prospera Private Wealth LLC purchased a new stake in shares of Mondelez International in the 3rd quarter worth about $27,000. Hager Investment Management Services LLC purchased a new stake in shares of Mondelez International in the 4th quarter worth about $27,000. Richardson Financial Services Inc. boosted its stake in shares of Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares in the last quarter. Finally, McClarren Financial Advisors Inc. purchased a new position in shares of Mondelez International during the fourth quarter valued at about $32,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Down 0.6 %

Mondelez International stock opened at $60.82 on Tuesday. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The business’s fifty day moving average is $58.98 and its 200 day moving average is $66.11. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.42. The stock has a market capitalization of $81.33 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 4.04 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 EPS 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%. On average, sell-side analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International announced that its board has approved a share repurchase plan 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 stock through open market purchases. Stock buyback plans are usually an indication that the company’s board believes its shares are undervalued.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders 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 3.09%. Mondelez International’s payout ratio is 54.97%.

Analysts Set New Price Targets

Several research firms have weighed in on MDLZ. Mizuho lifted their price objective on Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday. Dbs Bank cut Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. Redburn Atlantic began coverage on Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research report on Wednesday, January 22nd. Finally, Barclays reduced their target price on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.74.

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.