PNC Financial Services Group Inc. Has $127.17 Million Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

PNC Financial Services Group Inc. reduced its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,129,072 shares of the company's stock after selling 29,323 shares during the quarter. PNC Financial Services Group Inc. owned 0.16% of Mondelez International worth $127,169,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Truvestments Capital LLC bought a new stake in shares of Mondelez International in the 3rd quarter worth approximately $25,000. Marshall Investment Management LLC bought a new stake in shares of Mondelez International in the 4th quarter worth approximately $26,000. Prospera Private Wealth LLC bought a new stake in shares of Mondelez International in the 3rd quarter worth approximately $27,000. Hager Investment Management Services LLC purchased a new position in shares of Mondelez International in the fourth quarter worth approximately $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of Mondelez International in the fourth quarter worth approximately $31,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Up 1.5 %

MDLZ stock traded up $0.98 during trading hours on Friday, hitting $67.74. The company's stock had a trading volume of 13,950,486 shares, compared to its average volume of 7,438,893. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $87.62 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The stock has a 50 day moving average price of $60.06 and a two-hundred day moving average price of $65.52.

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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 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%. On average, equities research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

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

Mondelez International Announces Dividend

The company 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 $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International's payout ratio is 54.97%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Citigroup dropped their target price on shares of Mondelez International from $78.00 to $71.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. DZ Bank downgraded shares of Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 target price on the stock. in a research report on Friday, February 7th. Barclays dropped their target price on shares of Mondelez International from $69.00 to $63.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. The Goldman Sachs Group dropped their target price on shares of Mondelez International from $68.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Finally, Mizuho lifted their target price on shares of Mondelez International from $64.00 to $70.00 and gave the stock 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 thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Mondelez International presently has a consensus rating of "Moderate Buy" and an average target price of $69.74.

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.