Mondelez International, Inc. (NASDAQ:MDLZ) Holdings Trimmed by Citizens & Northern Corp

Citizens & Northern Corp lowered its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 30,705 shares of the company’s stock after selling 1,152 shares during the period. Mondelez International comprises approximately 0.8% of Citizens & Northern Corp’s investment portfolio, making the stock its 28th largest position. Citizens & Northern Corp’s holdings in Mondelez International were worth $2,224,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Murphy Middleton Hinkle & Parker Inc. boosted its position in Mondelez International by 3.9% during the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 3,651 shares of the company’s stock worth $264,000 after acquiring an additional 136 shares during the period. Cobblestone Asset Management LLC boosted its holdings in shares of Mondelez International by 2.8% during the fourth quarter. Cobblestone Asset Management LLC now owns 4,982 shares of the company’s stock worth $361,000 after purchasing an additional 138 shares during the period. Graypoint LLC grew its position in Mondelez International by 1.1% during the fourth quarter. Graypoint LLC now owns 12,281 shares of the company’s stock valued at $890,000 after purchasing an additional 138 shares in the last quarter. Guyasuta Investment Advisors Inc. increased its stake in Mondelez International by 0.8% in the 4th quarter. Guyasuta Investment Advisors Inc. now owns 16,461 shares of the company’s stock valued at $1,192,000 after buying an additional 138 shares during the period. Finally, Rossmore Private Capital lifted its position in Mondelez International by 0.3% in the 4th quarter. Rossmore Private Capital now owns 50,047 shares of the company’s stock worth $3,625,000 after buying an additional 139 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Trading Down 1.8 %

NASDAQ:MDLZ traded down $1.26 on Thursday, hitting $68.96. 2,763,188 shares of the stock were exchanged, compared to its average volume of 7,588,826. The stock has a market capitalization of $92.50 billion, a price-to-earnings ratio of 21.90, a P/E/G ratio of 2.50 and a beta of 0.55. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.63 and a current ratio of 0.77. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $77.20. The company’s 50-day moving average price is $69.90 and its 200 day moving average price is $71.44.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The firm had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.16 billion. During the same quarter last year, the business earned $0.89 earnings per share. The company’s revenue was up 1.4% compared to the same quarter last year. On average, equities research analysts forecast that Mondelez International, Inc. will post 3.5 earnings per share for the current year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 2.47%. Mondelez International’s dividend payout ratio (DPR) is presently 53.97%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MDLZ shares. Stifel Nicolaus lifted their price target on Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, January 25th. StockNews.com cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. decreased their target price on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Citigroup cut their price target on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. Finally, Sanford C. Bernstein upped their price objective on shares of Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $80.75.

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.