NBT Bank N A NY Has $4.19 Million Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

NBT Bank N A NY lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 8.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 70,168 shares of the company's stock after selling 6,407 shares during the period. NBT Bank N A NY's holdings in Mondelez International were worth $4,191,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Mizuho Securities USA LLC lifted its holdings in shares of Mondelez International by 12,057.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company's stock worth $926,327,000 after acquiring an additional 12,470,573 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Mondelez International during the 4th quarter worth $256,832,000. Van ECK Associates Corp raised its position in shares of Mondelez International by 2,560.0% in the 4th quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company's stock worth $203,749,000 after buying an additional 3,282,937 shares during the period. Ilex Capital Partners UK LLP acquired a new position in Mondelez International in the third quarter valued at $219,045,000. Finally, FMR LLC grew its position in Mondelez International by 14.2% during the third quarter. FMR LLC now owns 18,255,657 shares of the company's stock valued at $1,344,894,000 after acquiring an additional 2,268,639 shares during the period. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Price Performance

MDLZ stock traded down $2.23 during trading hours on Wednesday, hitting $65.62. 2,120,699 shares of the stock traded hands, compared to its average volume of 7,465,807. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The stock has a 50-day simple moving average of $60.39 and a 200 day simple moving average of $65.48. 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 $84.88 billion, a P/E ratio of 19.16, a P/E/G ratio of 4.34 and a beta of 0.50.

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Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its earnings results 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 return on equity of 16.75% and a net margin of 12.68%. Equities analysts forecast 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. Stockholders 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 dividend yield of 2.87%. Mondelez International's dividend payout ratio is 54.97%.

Mondelez International announced that its board has initiated a share repurchase program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 10.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MDLZ. 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 report on Friday, February 7th. Dbs Bank downgraded shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 7th. Jefferies Financial Group downgraded shares of Mondelez International from a "buy" rating to a "hold" rating and cut their target price for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. The Goldman Sachs Group reduced 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. Finally, Mizuho increased their price target on Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, 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.