American National Bank & Trust Co. VA Invests $1.04 Million in Mondelez International, Inc. (NASDAQ:MDLZ)

American National Bank & Trust Co. VA purchased a new position in Mondelez International, Inc. (NASDAQ:MDLZ) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 14,861 shares of the company’s stock, valued at approximately $1,040,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MDLZ. Bogart Wealth LLC lifted its position in shares of Mondelez International by 63.9% during the 4th quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock valued at $26,000 after acquiring an additional 140 shares during the period. Ables Iannone Moore & Associates Inc. acquired a new position in shares of Mondelez International during the 4th quarter valued at $26,000. HHM Wealth Advisors LLC acquired a new position in shares of Mondelez International during the 4th quarter valued at $29,000. Transcendent Capital Group LLC acquired a new position in shares of Mondelez International during the 4th quarter valued at $34,000. Finally, Orion Capital Management LLC acquired a new position in shares of Mondelez International during the 3rd quarter valued at $35,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on MDLZ. JPMorgan Chase & Co. dropped their target price on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Barclays dropped their target price on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Citigroup dropped their target price on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. TD Cowen decreased their price target on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a research note on Thursday, June 6th. Finally, Wells Fargo & Company decreased their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, June 4th. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $80.22.

Mondelez International Stock Up 0.5 %

Shares of NASDAQ MDLZ traded up $0.31 during trading on Thursday, hitting $66.34. The stock had a trading volume of 3,462,505 shares, compared to its average volume of 6,227,547. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $77.20. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.63. The company has a market capitalization of $88.99 billion, a PE ratio of 21.06, a PEG ratio of 2.53 and a beta of 0.53. The firm has a fifty day moving average of $68.61 and a two-hundred day moving average of $70.68.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.06. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The firm had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.16 billion. During the same quarter in the prior year, the business posted $0.89 EPS. The business’s revenue was up 1.4% compared to the same quarter last year. As a group, equities research analysts forecast that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.70 annualized dividend and a yield of 2.56%. Mondelez International’s payout ratio is currently 53.97%.

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.