Bank of Jackson Hole Trust Acquires New Shares in Mondelez International, Inc. (NASDAQ:MDLZ)

Bank of Jackson Hole Trust acquired a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,371 shares of the company's stock, valued at approximately $261,000.

Other large investors have also recently bought and sold shares of the company. Commonwealth Equity Services LLC grew its holdings in Mondelez International by 2.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 453,653 shares of the company's stock worth $33,421,000 after acquiring an additional 9,353 shares during the period. OLD National Bancorp IN lifted its stake in Mondelez International by 4.1% in the third quarter. OLD National Bancorp IN now owns 11,135 shares of the company's stock valued at $820,000 after buying an additional 436 shares in the last quarter. Vest Financial LLC raised its stake in shares of Mondelez International by 126.7% in the 3rd quarter. Vest Financial LLC now owns 8,809 shares of the company's stock valued at $649,000 after purchasing an additional 4,924 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Mondelez International by 54.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 738,358 shares of the company's stock valued at $54,395,000 after acquiring an additional 260,036 shares in the last quarter. Finally, Venture Visionary Partners LLC increased its position in shares of Mondelez International by 11.4% in the third quarter. Venture Visionary Partners LLC now owns 29,970 shares of the company's stock valued at $2,208,000 after acquiring an additional 3,063 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Stock Up 4.1 %

Shares of MDLZ stock traded up $2.53 on Friday, reaching $64.70. 16,289,816 shares of the company were exchanged, compared to its average volume of 11,136,414. 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 company has a 50-day moving average of $58.92 and a 200-day moving average of $65.94. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The company has a market cap of $83.69 billion, a price-to-earnings ratio of 18.92, a PEG ratio of 4.32 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share 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%. Analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be issued a dividend of $0.47 per share. 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 2.91%. Mondelez International's dividend payout ratio (DPR) is currently 54.97%.

Mondelez International announced that its Board of Directors has approved a stock repurchase program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 10.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of recent analyst reports. Dbs Bank cut shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 7th. Wells Fargo & Company decreased their price target on shares of Mondelez International from $61.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. Citigroup lowered their price objective on Mondelez International from $78.00 to $71.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Stifel Nicolaus cut their price target on shares of Mondelez International from $82.00 to $70.00 and set a "buy" rating for the company in a report on Friday, January 24th. Finally, 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. 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 MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $69.74.

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.