Penobscot Investment Management Company Inc. Decreases Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Penobscot Investment Management Company Inc. reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 8.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 48,621 shares of the company's stock after selling 4,384 shares during the quarter. Penobscot Investment Management Company Inc.'s holdings in Mondelez International were worth $2,904,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of MDLZ. Hardy Reed LLC lifted its stake in shares of Mondelez International by 1.4% in the 3rd quarter. Hardy Reed LLC now owns 11,511 shares of the company's stock valued at $848,000 after purchasing an additional 161 shares during the last quarter. Continuum Advisory LLC lifted its position in Mondelez International by 7.4% in the third quarter. Continuum Advisory LLC now owns 2,542 shares of the company's stock worth $187,000 after buying an additional 175 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in Mondelez International by 1.8% during the fourth quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company's stock worth $627,000 after buying an additional 181 shares during the period. Traphagen Investment Advisors LLC increased its position in Mondelez International by 0.8% during the fourth quarter. Traphagen Investment Advisors LLC now owns 23,619 shares of the company's stock valued at $1,411,000 after acquiring an additional 187 shares during the last quarter. Finally, Core Alternative Capital raised its stake in shares of Mondelez International by 1.7% in the fourth quarter. Core Alternative Capital now owns 11,448 shares of the company's stock valued at $684,000 after acquiring an additional 187 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

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Mondelez International Stock Up 0.3 %

Shares of MDLZ traded up $0.22 during trading hours on Friday, hitting $67.72. The company had a trading volume of 11,564,303 shares, compared to its average volume of 7,922,538. The company has a market capitalization of $87.60 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. 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 company's fifty day moving average price is $62.25 and its two-hundred day moving average price is $64.81. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06.

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

Mondelez International declared that its Board of Directors has initiated a share repurchase program on Wednesday, December 11th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 10.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.47 per share. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.78%. Mondelez International's payout ratio is currently 54.97%.

Analysts Set New Price Targets

A number of research firms recently commented on MDLZ. UBS Group dropped their price target on shares of Mondelez International from $76.00 to $63.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Barclays dropped their target price on Mondelez International from $69.00 to $63.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. Argus downgraded Mondelez International from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Wells Fargo & Company dropped their price objective 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. Finally, Mizuho upped their price objective on Mondelez International from $64.00 to $70.00 and gave the company an "outperform" rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $69.50.

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.