Canandaigua National Bank & Trust Co. Purchases 10,920 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Canandaigua National Bank & Trust Co. boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 50.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 32,565 shares of the company’s stock after purchasing an additional 10,920 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in Mondelez International were worth $1,945,000 as of its most recent SEC filing.

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

Mondelez International Price Performance

MDLZ stock traded down $1.64 during trading on Monday, reaching $58.22. The company’s stock had a trading volume of 9,332,756 shares, compared to its average volume of 6,609,896. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The company’s fifty day moving average is $63.71 and its 200-day moving average is $67.89. The company has a market capitalization of $77.85 billion, a P/E ratio of 20.65, a price-to-earnings-growth ratio of 2.80 and a beta of 0.54. Mondelez International, Inc. has a 1 year low of $58.12 and a 1 year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The firm had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. During the same quarter last year, the business posted $0.82 earnings per share. The firm’s revenue was up 1.9% on a year-over-year basis. On average, research analysts expect that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.

Mondelez International declared that its board has authorized a stock 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 board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut shares of Mondelez International from a “buy” rating to a “hold” rating and dropped their target price for the stock from $78.00 to $67.00 in a report on Thursday, December 12th. Bank of America raised their price target on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Piper Sandler upped their price objective on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Stifel Nicolaus boosted their price target on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Citigroup lowered their price objective on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and an average target price of $79.07.

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.