First Mercantile Trust Co. decreased its stake in Mondelez International Inc. (NASDAQ:MDLZ) by 34.4% during the second quarter, Holdings Channel reports. The fund owned 4,181 shares of the company’s stock after selling 2,191 shares during the period. First Mercantile Trust Co.’s holdings in Mondelez International were worth $191,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Glenmede Trust Co. NA raised its stake in shares of Mondelez International by 4.6% in the first quarter. Glenmede Trust Co. NA now owns 91,140 shares of the company’s stock valued at $3,656,000 after buying an additional 4,043 shares during the period. Mn Services Vermogensbeheer B.V. purchased a new stake in shares of Mondelez International during the first quarter valued at approximately $1,402,000. Community Bank & Trust Waco Texas raised its stake in shares of Mondelez International by 5.2% in the first quarter. Community Bank & Trust Waco Texas now owns 16,880 shares of the company’s stock valued at $677,000 after buying an additional 827 shares during the period. Virginia Retirement System purchased a new stake in shares of Mondelez International during the first quarter valued at approximately $3,617,000. Finally, Dynamic Advisors Solutions LLC raised its stake in shares of Mondelez International by 1.6% in the first quarter. Dynamic Advisors Solutions LLC now owns 8,255 shares of the company’s stock valued at $331,000 after buying an additional 126 shares during the period. Institutional investors own 75.91% of the company’s stock.
Shares of Mondelez International Inc. (NASDAQ:MDLZ) opened at 43.78 on Tuesday. The firm has a market capitalization of $68.10 billion, a P/E ratio of 9.28 and a beta of 1.02. The stock’s 50 day moving average price is $43.29 and its 200-day moving average price is $43.49. Mondelez International Inc. has a 12-month low of $35.88 and a 12-month high of $47.42.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.04. Mondelez International had a net margin of 28.01% and a return on equity of 10.15%. The business had revenue of $6.30 billion for the quarter, compared to analyst estimates of $6.34 billion. During the same quarter last year, the business earned $0.47 earnings per share. The business’s revenue for the quarter was down 17.7% on a year-over-year basis. On average, equities analysts expect that Mondelez International Inc. will post $1.85 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Investors of record on Friday, September 30th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Wednesday, September 28th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.17. Mondelez International’s dividend payout ratio (DPR) is currently 16.38%.
Several equities research analysts have recently commented on MDLZ shares. Susquehanna reissued a “buy” rating and set a $60.00 price target on shares of Mondelez International in a research note on Tuesday, August 30th. JPMorgan Chase & Co. reissued an “overweight” rating and set a $44.19 price target (up previously from $35.88) on shares of Mondelez International in a research note on Tuesday, September 6th. Credit Suisse Group AG reissued a “buy” rating and set a $51.00 price target on shares of Mondelez International in a research note on Thursday, September 1st. BMO Capital Markets reissued an “outperform” rating on shares of Mondelez International in a research note on Friday, July 15th. Finally, RBC Capital Markets reissued an “outperform” rating and set a $54.00 price target on shares of Mondelez International in a research note on Wednesday, August 31st. Two analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the stock. Mondelez International currently has an average rating of “Buy” and a consensus target price of $47.49.
Mondelez International Company Profile
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers in approximately 165 countries around the world. The Company operates through five segments: Latin America; Asia Pacific; Eastern Europe, Middle East, and Africa (EEMEA); Europe, and North America.
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