Ledyard National Bank Purchases 1,974 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Ledyard National Bank lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.0% during the fourth quarter, HoldingsChannel reports. The firm owned 198,254 shares of the company’s stock after buying an additional 1,974 shares during the quarter. Mondelez International comprises 1.5% of Ledyard National Bank’s portfolio, making the stock its 18th largest holding. Ledyard National Bank’s holdings in Mondelez International were worth $14,360,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Steele Capital Management Inc. acquired a new stake in shares of Mondelez International during the fourth quarter worth about $322,000. Adell Harriman & Carpenter Inc. raised its holdings in Mondelez International by 2.6% during the 4th quarter. Adell Harriman & Carpenter Inc. now owns 134,148 shares of the company’s stock worth $9,716,000 after buying an additional 3,375 shares during the period. Guyasuta Investment Advisors Inc. lifted its stake in Mondelez International by 0.8% in the fourth quarter. Guyasuta Investment Advisors Inc. now owns 16,461 shares of the company’s stock valued at $1,192,000 after buying an additional 138 shares in the last quarter. Choreo LLC boosted its holdings in shares of Mondelez International by 8.1% in the fourth quarter. Choreo LLC now owns 14,606 shares of the company’s stock valued at $1,064,000 after buying an additional 1,099 shares during the period. Finally, Mitchell Mcleod Pugh & Williams Inc. increased its position in shares of Mondelez International by 10.5% during the fourth quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 15,614 shares of the company’s stock worth $1,131,000 after acquiring an additional 1,487 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Price Performance

Mondelez International stock traded up $1.22 during trading hours on Monday, reaching $71.83. 8,543,512 shares of the stock were exchanged, compared to its average volume of 7,917,889. The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 0.60. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $78.54. The company has a market cap of $96.72 billion, a P/E ratio of 19.79, a price-to-earnings-growth ratio of 2.46 and a beta of 0.56. The stock has a 50 day moving average of $70.45 and a two-hundred day moving average of $70.79.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The company had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.31 billion. Mondelez International had a net margin of 13.77% and a return on equity of 15.91%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.73 EPS. Equities analysts expect that Mondelez International, Inc. will post 3.52 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were paid a $0.425 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.70 annualized dividend and a dividend yield of 2.37%. Mondelez International’s payout ratio is 46.83%.

Wall Street Analyst Weigh In

Several analysts have issued reports on MDLZ shares. Barclays dropped their price target on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Citigroup reduced their target price on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, April 11th. Stifel Nicolaus increased their price objective on shares of Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. JPMorgan Chase & Co. decreased their price target on Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, January 18th. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.50.

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.