Capital Bank & Trust Co lessened its stake in shares of Mondelez International Inc (NASDAQ:MDLZ) by 5.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 754,393 shares of the company’s stock after selling 45,146 shares during the quarter. Capital Bank & Trust Co’s holdings in Mondelez International were worth $41,552,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of MDLZ. Squarepoint Ops LLC grew its position in shares of Mondelez International by 64.5% in the 3rd quarter. Squarepoint Ops LLC now owns 366,553 shares of the company’s stock worth $20,278,000 after buying an additional 143,694 shares during the period. Pictet Asset Management Ltd. lifted its stake in shares of Mondelez International by 1.1% in the 4th quarter. Pictet Asset Management Ltd. now owns 1,492,058 shares of the company’s stock valued at $82,183,000 after purchasing an additional 15,551 shares during the last quarter. Halsey Associates Inc. CT lifted its stake in shares of Mondelez International by 65.7% in the 3rd quarter. Halsey Associates Inc. CT now owns 7,505 shares of the company’s stock valued at $415,000 after purchasing an additional 2,976 shares during the last quarter. Keeley Teton Advisors LLC lifted its stake in shares of Mondelez International by 7.9% in the 3rd quarter. Keeley Teton Advisors LLC now owns 20,000 shares of the company’s stock valued at $1,106,000 after purchasing an additional 1,460 shares during the last quarter. Finally, Huntington National Bank boosted its holdings in shares of Mondelez International by 4.6% in the 4th quarter. Huntington National Bank now owns 109,188 shares of the company’s stock worth $6,014,000 after purchasing an additional 4,848 shares during the period. Hedge funds and other institutional investors own 78.61% of the company’s stock.
MDLZ has been the topic of several analyst reports. Morgan Stanley cut their target price on Mondelez International from $63.00 to $56.00 and set an “overweight” rating on the stock in a research report on Monday. Wells Fargo & Co upped their target price on Mondelez International from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Tuesday, January 28th. BidaskClub raised Mondelez International from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Berenberg Bank reaffirmed a “hold” rating on shares of Mondelez International in a research report on Thursday, February 6th. Finally, Deutsche Bank assumed coverage on Mondelez International in a report on Wednesday, December 11th. They issued a “hold” rating and a $57.00 price target on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $61.07.
Shares of MDLZ traded up $1.35 during midday trading on Thursday, hitting $47.46. 1,916,013 shares of the company’s stock traded hands, compared to its average volume of 13,755,976. Mondelez International Inc has a 1 year low of $41.19 and a 1 year high of $59.96. The firm’s fifty day moving average is $54.44 and its 200-day moving average is $54.24. The company has a current ratio of 0.50, a quick ratio of 0.33 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $66.86 billion, a price-to-earnings ratio of 17.84, a price-to-earnings-growth ratio of 2.53 and a beta of 0.76.
Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Wednesday, January 29th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.01. Mondelez International had a return on equity of 13.56% and a net margin of 14.96%. The company had revenue of $6.91 billion for the quarter, compared to analyst estimates of $6.84 billion. During the same period in the prior year, the company posted $0.63 EPS. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts anticipate that Mondelez International Inc will post 2.63 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 31st will be issued a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend is Monday, March 30th. Mondelez International’s dividend payout ratio is presently 46.15%.
In other news, Director Peter W. May sold 1,177,012 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $57.67, for a total transaction of $67,878,282.04. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.50% of the stock is currently owned by company insiders.
Mondelez International Company Profile
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
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