Community Bank N.A. Cuts Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Community Bank N.A. trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,400 shares of the company’s stock after selling 221 shares during the quarter. Community Bank N.A.’s holdings in Mondelez International were worth $434,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MDLZ. Marshall Investment Management LLC acquired a new position in Mondelez International during the fourth quarter worth $26,000. Transce3nd LLC purchased a new stake in shares of Mondelez International during the fourth quarter worth about $30,000. Orion Capital Management LLC acquired a new position in shares of Mondelez International during the 4th quarter worth about $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in Mondelez International in the 4th quarter valued at about $31,000. Finally, Sierra Ocean LLC acquired a new stake in Mondelez International in the 4th quarter worth about $32,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $66.35 on Thursday. The company’s 50-day moving average is $66.63 and its two-hundred day moving average is $63.52. 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 0.61, a current ratio of 0.61 and a quick ratio of 0.40. The firm has a market capitalization of $85.91 billion, a price-to-earnings ratio of 24.67, a PEG ratio of 5.14 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.67 by $0.07. The firm had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.93 EPS. Analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Monday, June 30th. Mondelez International’s dividend payout ratio (DPR) is presently 69.89%.

Analyst Ratings Changes

A number of brokerages have commented on MDLZ. DA Davidson cut Mondelez International from a “buy” rating to a “neutral” rating and increased their target price for the company from $66.00 to $68.00 in a report on Thursday, April 24th. UBS Group boosted their price target on Mondelez International from $60.00 to $69.00 and gave the stock a “neutral” rating in a research report on Thursday, April 17th. JPMorgan Chase & Co. increased their price objective on Mondelez International from $64.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, April 11th. Argus lowered Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Finally, Evercore ISI upped their target price on shares of Mondelez International from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $70.11.

Mondelez International 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.