Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Diversified Trust Co

Diversified Trust Co lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 26.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,332 shares of the company’s stock after selling 7,249 shares during the quarter. Diversified Trust Co’s holdings in Mondelez International were worth $1,423,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in MDLZ. Norges Bank acquired a new position in Mondelez International in the 4th quarter worth $1,231,413,000. Capital Research Global Investors raised its stake in shares of Mondelez International by 26.9% in the 4th quarter. Capital Research Global Investors now owns 30,291,001 shares of the company’s stock valued at $2,193,977,000 after purchasing an additional 6,426,928 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Mondelez International by 152.3% in the 4th quarter. First Trust Advisors LP now owns 4,114,581 shares of the company’s stock valued at $298,019,000 after purchasing an additional 2,483,972 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Mondelez International by 4.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock valued at $2,636,897,000 after purchasing an additional 1,686,229 shares in the last quarter. Finally, First Financial Bankshares Inc acquired a new stake in shares of Mondelez International in the 4th quarter valued at about $83,613,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Performance

NASDAQ MDLZ traded up $0.26 on Monday, hitting $65.70. The stock had a trading volume of 1,915,684 shares, compared to its average volume of 7,285,410. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $77.20. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. The stock has a market cap of $88.13 billion, a price-to-earnings ratio of 20.77, a P/E/G ratio of 2.51 and a beta of 0.53. The company’s 50-day moving average is $68.89 and its two-hundred day moving average is $70.78.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.06. The business had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.16 billion. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The business’s revenue was up 1.4% on a year-over-year basis. During the same period last year, the firm posted $0.89 earnings per share. On average, analysts expect that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 2.59%. The ex-dividend date is Friday, June 28th. Mondelez International’s dividend payout ratio (DPR) is presently 53.97%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on MDLZ shares. Barclays cut 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 note on Friday, April 12th. TD Cowen cut their target price on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a research note on Thursday, June 6th. JPMorgan Chase & Co. cut 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 note on Friday, April 12th. Sanford C. Bernstein upped their target price on shares of Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Finally, Citigroup dropped their price objective on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and an average price target of $80.22.

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.