First National Advisers LLC Has $2.06 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

First National Advisers LLC boosted its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 42.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,436 shares of the company's stock after acquiring an additional 10,254 shares during the period. First National Advisers LLC's holdings in Mondelez International were worth $2,057,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MDLZ. Truvestments Capital LLC bought a new position in shares of Mondelez International in the 3rd quarter valued at about $25,000. Prospera Private Wealth LLC acquired a new position in shares of Mondelez International in the 3rd quarter valued at $27,000. Marshall Investment Management LLC bought a new position in shares of Mondelez International in the 4th quarter worth $26,000. Hager Investment Management Services LLC bought a new stake in Mondelez International in the fourth quarter valued at about $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Mondelez International in the fourth quarter valued at about $31,000. Institutional investors own 78.32% of the company's stock.

Mondelez International Stock Down 0.1 %

Shares of MDLZ stock traded down $0.05 during trading on Thursday, reaching $63.95. The company's stock had a trading volume of 6,013,620 shares, compared to its average volume of 7,432,299. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The business has a fifty day moving average price of $61.07 and a 200-day moving average price of $65.24. The company has a market cap of $82.72 billion, a price-to-earnings ratio of 18.70, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

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Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International declared that its board has authorized a stock repurchase program on Wednesday, December 11th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 10.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be paid a $0.47 dividend. 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 2.94%. Mondelez International's dividend payout ratio is 54.97%.

Analysts Set New Price Targets

MDLZ has been the subject of several analyst reports. Argus lowered Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. UBS Group decreased their price objective on shares of Mondelez International from $76.00 to $63.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. The Goldman Sachs Group cut their target price on shares of Mondelez International from $68.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Wells Fargo & Company decreased their price target on shares of Mondelez International from $61.00 to $54.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. Finally, DZ Bank downgraded 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 equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Mondelez International presently has an average rating of "Moderate Buy" and an average target price 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.