Trust Co. of Vermont Sells 3,098 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Trust Co. of Vermont decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.8% in the 4th quarter, HoldingsChannel reports. The fund owned 78,854 shares of the company’s stock after selling 3,098 shares during the period. Trust Co. of Vermont’s holdings in Mondelez International were worth $4,710,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MDLZ. Truvestments Capital LLC bought a new position in shares of Mondelez International during the 3rd quarter worth $25,000. Prospera Private Wealth LLC bought a new position in Mondelez International in the 3rd quarter worth about $27,000. Richardson Financial Services Inc. increased its position in shares of Mondelez International by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after buying an additional 200 shares during the period. Highline Wealth Partners LLC purchased a new stake in shares of Mondelez International in the third quarter worth about $38,000. Finally, Hara Capital LLC bought a new position in shares of Mondelez International in the third quarter valued at approximately $45,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Price Performance

MDLZ traded down $0.14 during trading on Friday, hitting $57.86. 12,663,200 shares of the company traded hands, compared to its average volume of 8,683,674. The company has a market cap of $77.37 billion, a PE ratio of 20.52, a P/E/G ratio of 2.99 and a beta of 0.54. Mondelez International, Inc. has a 1 year low of $55.97 and a 1 year high of $77.20. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The stock’s 50-day simple moving average is $61.76 and its two-hundred day simple moving average is $67.30.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The company had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. During the same period in the previous year, the firm earned $0.82 earnings per share. Mondelez International’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.

Mondelez International announced that its Board of Directors has initiated a share buyback plan on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to purchase up to 10.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Several analysts have issued reports on MDLZ shares. Citigroup lowered 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 note on Wednesday, January 8th. Bank of America increased their price target on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Evercore ISI upped their target price on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. The Goldman Sachs Group reduced their price objective on Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Stifel Nicolaus boosted their target price on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and an average target price 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.