AMG National Trust Bank Purchases 5,252 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

AMG National Trust Bank increased its stake in Mondelez International, Inc. (NASDAQ:MDLZ – Get Rating) by 46.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,674 shares of the company’s stock after buying an additional 5,252 shares during the quarter. AMG National Trust Bank’s holdings in Mondelez International were worth $915,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. First Personal Financial Services lifted its position in Mondelez International by 124.1% in the third quarter. First Personal Financial Services now owns 484 shares of the company’s stock worth $27,000 after buying an additional 268 shares during the last quarter. Orion Capital Management LLC bought a new stake in Mondelez International in the second quarter worth $31,000. Larson Financial Group LLC lifted its position in shares of Mondelez International by 332.2% during the second quarter. Larson Financial Group LLC now owns 523 shares of the company’s stock worth $32,000 after purchasing an additional 402 shares during the last quarter. Selective Wealth Management Inc. lifted its position in shares of Mondelez International by 178.5% during the second quarter. Selective Wealth Management Inc. now owns 557 shares of the company’s stock worth $35,000 after purchasing an additional 357 shares during the last quarter. Finally, Better Money Decisions LLC bought a new stake in shares of Mondelez International during the second quarter worth $38,000. 75.91% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Mondelez International news, EVP Maurizio Brusadelli sold 22,388 shares of the company’s stock in a transaction dated Monday, December 5th. The stock was sold at an average price of $67.55, for a total transaction of $1,512,309.40. Following the sale, the executive vice president now owns 179,588 shares in the company, valued at approximately $12,131,169.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.32% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on MDLZ shares. Exane BNP Paribas started coverage on Mondelez International in a research report on Tuesday, November 15th. They set a “neutral” rating and a $68.00 target price for the company. Wells Fargo & Company started coverage on Mondelez International in a research report on Tuesday, January 3rd. They set an “overweight” rating and a $75.00 target price for the company. The Goldman Sachs Group decreased their target price on Mondelez International from $75.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, October 10th. Cowen cut their price target on Mondelez International to $69.00 in a research note on Thursday, October 13th. Finally, UBS Group lowered Mondelez International from a “buy” rating to a “neutral” rating and lifted their target price for the company from $70.00 to $71.00 in a research note on Thursday, December 8th. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $72.18.

Mondelez International Price Performance

MDLZ opened at $64.36 on Tuesday. The stock’s 50-day moving average price is $66.55 and its 200 day moving average price is $63.12. Mondelez International, Inc. has a 12-month low of $54.72 and a 12-month high of $68.91. The company has a current ratio of 0.69, a quick ratio of 0.46 and a debt-to-equity ratio of 0.74. The firm has a market cap of $87.89 billion, a price-to-earnings ratio of 28.60, a PEG ratio of 3.05 and a beta of 0.67.

Mondelez International (NASDAQ:MDLZ – Get Rating) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.06. Mondelez International had a return on equity of 14.85% and a net margin of 10.30%. The company had revenue of $7.76 billion for the quarter, compared to the consensus estimate of $7.48 billion. As a group, sell-side analysts expect that Mondelez International, Inc. will post 2.94 earnings per share for the current year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were issued a dividend of $0.385 per share. The ex-dividend date was Thursday, December 29th. This represents a $1.54 annualized dividend and a yield of 2.39%. Mondelez International’s dividend payout ratio (DPR) is 68.44%.

Mondelez International Profile

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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, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.