Sageworth Trust Co Has $318,000 Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Sageworth Trust Co lowered its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 32.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,325 shares of the company’s stock after selling 2,517 shares during the quarter. Sageworth Trust Co’s holdings in Mondelez International were worth $318,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Truvestments Capital LLC acquired a new stake in shares of Mondelez International in the third quarter worth $25,000. Prospera Private Wealth LLC bought a new stake in Mondelez International in the 3rd quarter valued at $27,000. Richardson Financial Services Inc. grew its position in Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares during the last quarter. Hager Investment Management Services LLC bought a new position in shares of Mondelez International during the 4th quarter worth about $27,000. Finally, Highline Wealth Partners LLC acquired a new position in shares of Mondelez International during the third quarter valued at about $38,000. 78.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on MDLZ. Stifel Nicolaus decreased their target price on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. The Goldman Sachs Group decreased their price objective on Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday. Deutsche Bank Aktiengesellschaft lowered their price objective on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Wednesday, January 22nd. UBS Group reduced their target price on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, Barclays dropped their price objective on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.72.

Mondelez International Trading Up 1.1 %

Shares of MDLZ opened at $58.45 on Friday. The stock has a fifty day moving average price of $59.47 and a two-hundred day moving average price of $66.41. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The company has a market cap of $78.16 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 3.12 and a beta of 0.54. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. Analysts predict that Mondelez International, Inc. will post 3.44 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s dividend payout ratio is 54.97%.

Mondelez International declared that its board has initiated a share repurchase plan on Wednesday, December 11th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 10.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

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.