Avalon Trust Co Has $21.15 Million Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Avalon Trust Co grew its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 354,126 shares of the company’s stock after purchasing an additional 5,735 shares during the quarter. Mondelez International makes up 1.5% of Avalon Trust Co’s holdings, making the stock its 19th biggest holding. Avalon Trust Co’s holdings in Mondelez International were worth $21,152,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. one8zero8 LLC acquired a new stake in shares of Mondelez International during the fourth quarter valued at about $1,691,000. Choate Investment Advisors lifted its stake in shares of Mondelez International by 51.5% in the fourth quarter. Choate Investment Advisors now owns 11,336 shares of the company’s stock worth $678,000 after acquiring an additional 3,853 shares during the period. Frank Rimerman Advisors LLC lifted its stake in shares of Mondelez International by 11.7% in the fourth quarter. Frank Rimerman Advisors LLC now owns 25,702 shares of the company’s stock worth $1,535,000 after acquiring an additional 2,702 shares during the period. Hills Bank & Trust Co lifted its stake in shares of Mondelez International by 2.3% in the fourth quarter. Hills Bank & Trust Co now owns 48,726 shares of the company’s stock worth $2,910,000 after acquiring an additional 1,112 shares during the period. Finally, Buckley Wealth Management LLC lifted its stake in shares of Mondelez International by 2.6% in the fourth quarter. Buckley Wealth Management LLC now owns 10,512 shares of the company’s stock worth $628,000 after acquiring an additional 271 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on MDLZ shares. Deutsche Bank Aktiengesellschaft cut their price objective on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Wednesday, January 22nd. Jefferies Financial Group lowered Mondelez International from a “buy” rating to a “hold” rating and cut their price objective for the stock from $75.00 to $62.00 in a research note on Tuesday, January 21st. Royal Bank of Canada cut 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. DZ Bank lowered Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective on the stock. in a research note on Friday, February 7th. Finally, Wells Fargo & Company lowered their target price on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $69.74.

Mondelez International Trading Down 0.6 %

NASDAQ MDLZ opened at $64.31 on Friday. The company has a market cap of $83.19 billion, a price-to-earnings ratio of 18.80, a P/E/G ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The business has a 50 day moving average price of $60.69 and a 200-day moving average price of $65.38. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. As a group, equities analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders 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 annualized dividend and a dividend yield of 2.92%. Mondelez International’s dividend payout ratio is currently 54.97%.

Mondelez International announced that its Board of Directors has approved a stock buyback plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

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.