Citizens Financial Group Inc. RI Has $2.38 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Citizens Financial Group Inc. RI cut its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 58.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 39,884 shares of the company’s stock after selling 55,209 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Mondelez International were worth $2,382,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MDLZ. Morton Community Bank grew its position in Mondelez International by 2.4% during the 4th quarter. Morton Community Bank now owns 46,130 shares of the company’s stock worth $2,755,000 after acquiring an additional 1,075 shares during the last quarter. Independent Advisor Alliance raised its holdings in shares of Mondelez International by 2.6% in the fourth quarter. Independent Advisor Alliance now owns 53,749 shares of the company’s stock valued at $3,210,000 after buying an additional 1,349 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in Mondelez International by 44.9% during the 4th quarter. Daiwa Securities Group Inc. now owns 360,886 shares of the company’s stock worth $21,556,000 after buying an additional 111,819 shares in the last quarter. Saybrook Capital NC grew its holdings in Mondelez International by 30.9% during the 4th quarter. Saybrook Capital NC now owns 177,638 shares of the company’s stock worth $10,610,000 after acquiring an additional 41,915 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new stake in Mondelez International in the 4th quarter valued at about $16,833,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Trading Down 0.4 %

MDLZ opened at $67.85 on Wednesday. The firm’s fifty day moving average is $60.39 and its two-hundred day moving average is $65.48. The firm has a market cap of $87.77 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Equities research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International announced that its Board of Directors has approved a stock repurchase program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 10.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MDLZ. Royal Bank of Canada reduced their target price on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. Barclays reduced their price objective on Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Citigroup lowered their target price on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. UBS Group cut their price target on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, Mizuho lifted their price objective on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and an average target price of $69.74.

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.