Glenview Trust co Sells 416 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Glenview Trust co cut its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 57,664 shares of the company’s stock after selling 416 shares during the quarter. Glenview Trust co’s holdings in Mondelez International were worth $3,444,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Harbour Investments Inc. lifted its holdings in Mondelez International by 19.8% in the 4th quarter. Harbour Investments Inc. now owns 8,739 shares of the company’s stock worth $522,000 after purchasing an additional 1,443 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of Mondelez International by 12.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 315,089 shares of the company’s stock valued at $18,820,000 after buying an additional 35,637 shares during the last quarter. Avalon Trust Co lifted its holdings in shares of Mondelez International by 1.6% in the fourth quarter. Avalon Trust Co now owns 354,126 shares of the company’s stock worth $21,152,000 after buying an additional 5,735 shares in the last quarter. one8zero8 LLC bought a new position in shares of Mondelez International during the fourth quarter worth $1,691,000. Finally, Choate Investment Advisors grew its stake in Mondelez International by 51.5% during the fourth quarter. Choate Investment Advisors now owns 11,336 shares of the company’s stock valued at $678,000 after acquiring an additional 3,853 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on MDLZ shares. Barclays decreased their price target on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft dropped their price target on Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research note on Wednesday, January 22nd. Royal Bank of Canada reduced their price objective on Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Dbs Bank downgraded Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. Finally, Mizuho boosted their price target on shares of Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $69.74.

Mondelez International Trading Down 0.6 %

Shares of NASDAQ MDLZ opened at $64.31 on Monday. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The company has a market cap of $83.19 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 4.34 and a beta of 0.50. The business’s 50 day moving average price is $60.69 and its 200-day moving average price is $65.34.

Mondelez International (NASDAQ:MDLZ) last posted 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 expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

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

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be issued a $0.47 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.92%. Mondelez International’s payout ratio is 54.97%.

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.