Mitsubishi UFJ Trust & Banking Corp Has $65.82 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Mitsubishi UFJ Trust & Banking Corp lowered its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 16.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,124,607 shares of the company’s stock after selling 215,173 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Mondelez International were worth $65,816,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Navis Wealth Advisors LLC bought a new stake in Mondelez International in the 4th quarter valued at about $26,000. Safeguard Investment Advisory Group LLC bought a new stake in Mondelez International in the 4th quarter valued at about $37,000. Better Money Decisions LLC bought a new stake in Mondelez International in the 1st quarter valued at about $46,000. Simon Quick Advisors LLC boosted its holdings in Mondelez International by 32.2% in the 1st quarter. Simon Quick Advisors LLC now owns 821 shares of the company’s stock valued at $48,000 after purchasing an additional 200 shares during the period. Finally, Horan Securities Inc. boosted its holdings in Mondelez International by 35.6% in the 4th quarter. Horan Securities Inc. now owns 960 shares of the company’s stock valued at $56,000 after purchasing an additional 252 shares during the period. Institutional investors and hedge funds own 75.82% of the company’s stock.

NASDAQ:MDLZ opened at $63.63 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.61 and a quick ratio of 0.43. The firm has a market capitalization of $89.38 billion, a PE ratio of 24.10, a price-to-earnings-growth ratio of 2.53 and a beta of 0.65. The business has a fifty day moving average of $61.28. Mondelez International, Inc. has a 12 month low of $49.92 and a 12 month high of $64.37.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, April 27th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.08. The business had revenue of $7.24 billion during the quarter, compared to analysts’ expectations of $7 billion. Mondelez International had a net margin of 13.94% and a return on equity of 14.37%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the company posted $0.69 earnings per share. On average, research analysts forecast that Mondelez International, Inc. will post 2.92 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 14th. Shareholders of record on Wednesday, June 30th will be issued a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Tuesday, June 29th. Mondelez International’s payout ratio is 48.65%.

A number of analysts have recently weighed in on MDLZ shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of Mondelez International from $67.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, April 28th. Royal Bank of Canada increased their price objective on shares of Mondelez International from $66.00 to $69.00 and gave the company an “outperform” rating in a research note on Wednesday, April 28th. Credit Suisse Group increased their price objective on shares of Mondelez International from $65.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday, April 28th. Morgan Stanley increased their price objective on shares of Mondelez International from $63.00 to $69.00 and gave the company an “overweight” rating in a research note on Wednesday, April 28th. Finally, Jefferies Financial Group increased their price objective on shares of Mondelez International from $67.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, April 28th. One analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $65.13.

Mondelez International Company Profile

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells 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.

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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