CENTRAL TRUST Co Sells 6,678 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

CENTRAL TRUST Co reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 10.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,213 shares of the company’s stock after selling 6,678 shares during the quarter. CENTRAL TRUST Co’s holdings in Mondelez International were worth $4,436,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Mondelez International in the second quarter worth about $26,000. Lynx Investment Advisory bought a new stake in shares of Mondelez International during the second quarter valued at approximately $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Mondelez International in the second quarter valued at approximately $29,000. ESL Trust Services LLC bought a new position in Mondelez International in the first quarter worth approximately $38,000. Finally, Albion Financial Group UT purchased a new position in Mondelez International during the 1st quarter worth $44,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $69.95 on Friday. The business has a fifty day moving average of $72.56 and a 200 day moving average of $69.67. Mondelez International, Inc. has a 1 year low of $64.18 and a 1 year high of $77.20. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. The firm has a market capitalization of $93.83 billion, a price-to-earnings ratio of 22.21, a price-to-earnings-growth ratio of 2.87 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The firm had revenue of $8.34 billion during the quarter, compared to the consensus estimate of $8.45 billion. During the same quarter in the previous year, the company posted $0.76 earnings per share. The company’s revenue was down 1.9% compared to the same quarter last year. As a group, research analysts expect that Mondelez International, Inc. will post 3.5 earnings per share for the current year.

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 14th. Stockholders of record on Monday, September 30th were paid a $0.47 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.69%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio is presently 59.68%.

Wall Street Analyst Weigh In

MDLZ has been the topic of a number of recent research reports. The Goldman Sachs Group started coverage on Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 price target on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Barclays dropped their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, July 19th. JPMorgan Chase & Co. boosted their price objective on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Finally, Sanford C. Bernstein dropped their target price on Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $78.94.

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.