Community Bank & Trust Waco Texas Reduces Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Community Bank & Trust Waco Texas trimmed its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.2% in the fourth quarter, Holdings Channel reports. The fund owned 31,932 shares of the company’s stock after selling 2,115 shares during the period. Community Bank & Trust Waco Texas’ holdings in Mondelez International were worth $2,313,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Carmel Capital Partners LLC acquired a new stake in Mondelez International during the 3rd quarter worth approximately $28,000. First Command Advisory Services Inc. acquired a new stake in Mondelez International during the 3rd quarter worth approximately $29,000. Orion Capital Management LLC acquired a new stake in Mondelez International during the 3rd quarter worth approximately $35,000. Impact Partnership Wealth LLC lifted its position in Mondelez International by 1,865.6% during the 3rd quarter. Impact Partnership Wealth LLC now owns 629 shares of the company’s stock worth $44,000 after acquiring an additional 597 shares during the period. Finally, Legacy Financial Group LLC acquired a new stake in shares of Mondelez International in the 3rd quarter valued at approximately $45,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Trading Up 0.1 %

MDLZ stock traded up $0.09 during trading on Wednesday, reaching $70.84. 3,252,883 shares of the stock traded hands, compared to its average volume of 7,712,723. The business’s 50 day moving average price is $70.50 and its 200-day moving average price is $70.56. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $78.59. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.62 and a quick ratio of 0.43. The firm has a market capitalization of $95.38 billion, a PE ratio of 19.48, a P/E/G ratio of 2.41 and a beta of 0.56.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, January 30th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. The firm had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.31 billion. During the same quarter in the previous year, the business earned $0.73 earnings per share. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Mondelez International, Inc. will post 3.52 earnings per share for the current year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were paid a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend was Wednesday, March 27th. Mondelez International’s dividend payout ratio (DPR) is 46.83%.

Analysts Set New Price Targets

MDLZ has been the subject of several recent analyst reports. JPMorgan Chase & Co. reduced their price target on Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Citigroup reduced their price objective on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft lifted their price objective on Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Barclays reduced their price objective on Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Finally, Stifel Nicolaus raised their price target on Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $80.89.

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.