FineMark National Bank & Trust Reduces Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

FineMark National Bank & Trust cut its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,931 shares of the company’s stock after selling 2,343 shares during the quarter. FineMark National Bank & Trust’s holdings in Mondelez International were worth $2,965,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Bogart Wealth LLC lifted its position in Mondelez International by 63.9% during the fourth quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock worth $26,000 after buying an additional 140 shares during the period. HHM Wealth Advisors LLC purchased a new position in Mondelez International in the fourth quarter valued at about $29,000. First Command Advisory Services Inc. purchased a new position in Mondelez International in the third quarter valued at about $29,000. Orion Capital Management LLC purchased a new position in Mondelez International in the third quarter valued at about $35,000. Finally, Private Wealth Management Group LLC purchased a new position in Mondelez International in the fourth quarter valued at about $54,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Ratings Changes

MDLZ has been the topic of several recent research reports. Citigroup cut their target price on Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. Stifel Nicolaus upped their target price on shares of Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Barclays reduced their target price on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. StockNews.com cut shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, JPMorgan Chase & Co. cut their target price on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.75.

Mondelez International Price Performance

Shares of MDLZ traded down $0.49 during mid-day trading on Friday, hitting $68.36. 1,756,698 shares of the stock were exchanged, compared to its average volume of 7,549,544. The company has a market cap of $91.70 billion, a PE ratio of 21.86, a price-to-earnings-growth ratio of 2.48 and a beta of 0.55. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $77.20. The firm has a 50-day moving average of $69.86 and a two-hundred day moving average of $71.42. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.63 and a current ratio of 0.77.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The business had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.16 billion. During the same quarter last year, the firm posted $0.89 earnings per share. The business’s revenue was up 1.4% compared to the same quarter last year. On average, equities analysts predict that Mondelez International, Inc. will post 3.5 earnings per share for the current year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Friday, June 28th. Mondelez International’s dividend payout ratio is currently 53.97%.

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.