Truist Financial Corp Has $58.75 Million Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Truist Financial Corp lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 897,795 shares of the company’s stock after selling 41,823 shares during the period. Truist Financial Corp owned 0.07% of Mondelez International worth $58,752,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Ables Iannone Moore & Associates Inc. bought a new stake in shares of Mondelez International in the fourth quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Mondelez International during the 2nd quarter worth approximately $26,000. Lynx Investment Advisory acquired a new position in shares of Mondelez International during the 2nd quarter worth approximately $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Mondelez International during the second quarter worth approximately $29,000. Finally, Transcendent Capital Group LLC bought a new position in shares of Mondelez International during the fourth quarter worth approximately $34,000. 78.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on MDLZ shares. Sanford C. Bernstein lowered their target price on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Wells Fargo & Company lowered their target price on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Tuesday, June 4th. TD Cowen lowered their target price on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a report on Thursday, June 6th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. raised their target price on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.65.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $72.99 on Wednesday. Mondelez International, Inc. has a fifty-two week low of $60.75 and a fifty-two week 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 $97.91 billion, a P/E ratio of 23.17, a P/E/G ratio of 3.02 and a beta of 0.54. The company’s 50 day moving average price is $71.75 and its two-hundred day moving average price is $69.56.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly 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. The company had revenue of $8.34 billion for the quarter, compared to analyst estimates of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. Mondelez International’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 earnings per share. On average, equities analysts forecast that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date is Monday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s payout ratio is 59.68%.

Mondelez International Company 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.