Sanibel Captiva Trust Company Inc. Reduces Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Sanibel Captiva Trust Company Inc. trimmed its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 2.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 152,493 shares of the company's stock after selling 4,545 shares during the period. Sanibel Captiva Trust Company Inc.'s holdings in Mondelez International were worth $9,108,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Truvestments Capital LLC purchased a new position in Mondelez International in the 3rd quarter valued at approximately $25,000. Prospera Private Wealth LLC acquired a new stake in shares of Mondelez International in the third quarter valued at $27,000. Richardson Financial Services Inc. boosted its holdings in Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company's stock valued at $28,000 after purchasing an additional 200 shares during the period. Highline Wealth Partners LLC acquired a new position in Mondelez International during the 3rd quarter worth $38,000. Finally, Hara Capital LLC purchased a new stake in Mondelez International during the 3rd quarter worth about $45,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Down 0.2 %

NASDAQ MDLZ traded down $0.14 during trading hours on Friday, hitting $57.86. The company had a trading volume of 12,663,200 shares, compared to its average volume of 8,683,674. The firm's 50 day moving average is $61.59 and its 200 day moving average is $67.24. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. Mondelez International, Inc. has a fifty-two week low of $55.97 and a fifty-two week high of $77.20. The company has a market capitalization of $77.37 billion, a price-to-earnings ratio of 20.52, a P/E/G ratio of 2.99 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.85 by $0.14. The business had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.82 earnings per share. Sell-side analysts anticipate that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

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

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.47 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.25%. Mondelez International's payout ratio is currently 66.67%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Bank of America raised their target price on shares of Mondelez International from $80.00 to $84.00 and gave the company a "buy" rating in a report on Tuesday, October 15th. Redburn Atlantic started coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They issued a "buy" rating and a $82.00 price objective on the stock. Evercore ISI boosted their target price on shares of Mondelez International from $79.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, September 26th. Stifel Nicolaus increased their target price on Mondelez International from $75.00 to $82.00 and gave the company a "buy" rating in a report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft downgraded Mondelez International from a "buy" rating to a "hold" rating and decreased their price target for the stock from $78.00 to $67.00 in a report on Thursday, December 12th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $74.93.

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.