NBT Bank N A NY Cuts Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

NBT Bank N A NY lessened its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 8.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 70,168 shares of the company’s stock after selling 6,407 shares during the period. NBT Bank N A NY’s holdings in Mondelez International were worth $4,191,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Saybrook Capital NC lifted its position in Mondelez International by 30.9% during the fourth quarter. Saybrook Capital NC now owns 177,638 shares of the company’s stock valued at $10,610,000 after buying an additional 41,915 shares in the last quarter. OFI Invest Asset Management purchased a new position in shares of Mondelez International in the 4th quarter valued at $16,833,000. Amundi lifted its holdings in shares of Mondelez International by 20.1% during the 4th quarter. Amundi now owns 2,856,534 shares of the company’s stock valued at $166,507,000 after acquiring an additional 478,225 shares in the last quarter. Camden National Bank boosted its position in Mondelez International by 0.3% during the 4th quarter. Camden National Bank now owns 131,129 shares of the company’s stock worth $7,832,000 after purchasing an additional 447 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich increased its holdings in Mondelez International by 7.4% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 5,249 shares of the company’s stock valued at $346,000 after purchasing an additional 362 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Up 1.5 %

MDLZ stock opened at $67.74 on Monday. The firm has a market cap of $87.62 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. 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 firm has a fifty day moving average price of $60.06 and a two-hundred day moving average price of $65.52.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data 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 net margin of 12.68% and a return on equity of 16.75%. Research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be paid a $0.47 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a yield of 2.78%. Mondelez International’s dividend payout ratio is currently 54.97%.

Mondelez International announced that its board has initiated a share buyback plan on Wednesday, December 11th that permits the company to buyback $9.00 billion in outstanding 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 a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MDLZ shares. Citigroup decreased their target price on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. UBS Group dropped their price objective on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Piper Sandler downgraded shares of Mondelez International from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $70.00 to $63.00 in a research note on Friday, January 31st. Dbs Bank downgraded shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. Finally, Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and decreased their price objective for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.