Country Trust Bank Raises Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Country Trust Bank grew its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 108.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,401 shares of the company’s stock after buying an additional 1,250 shares during the period. Country Trust Bank’s holdings in Mondelez International were worth $177,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Gotham Asset Management LLC increased its position in shares of Mondelez International by 10.4% during the fourth quarter. Gotham Asset Management LLC now owns 174,831 shares of the company’s stock valued at $12,663,000 after acquiring an additional 16,450 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Mondelez International in the first quarter valued at $1,686,000. Alaska Permanent Fund Corp increased its stake in Mondelez International by 76.4% during the first quarter. Alaska Permanent Fund Corp now owns 63,202 shares of the company’s stock worth $4,424,000 after purchasing an additional 27,370 shares during the period. GLOBALT Investments LLC GA purchased a new position in shares of Mondelez International in the fourth quarter valued at approximately $5,290,000. Finally, Duality Advisers LP acquired a new position in shares of Mondelez International in the first quarter valued at approximately $4,528,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Down 0.2 %

Mondelez International stock opened at $70.85 on Wednesday. The stock’s 50 day moving average price is $72.14 and its 200 day moving average price is $69.55. The company has a market cap of $95.04 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 3.02 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. The company had revenue of $8.34 billion during the quarter, compared to analysts’ expectations of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period last year, the company posted $0.76 earnings per share. On average, sell-side analysts predict that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be given a $0.47 dividend. The ex-dividend date of this dividend is Monday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a dividend yield of 2.65%. Mondelez International’s payout ratio is currently 59.68%.

Analysts Set New Price Targets

A number of research firms recently issued reports on MDLZ. Bank of America decreased their target price on Mondelez International from $82.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft reduced their price target on Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Stifel Nicolaus lowered their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, July 23rd. DA Davidson reduced their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Finally, Piper Sandler lowered their price objective on Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $78.65.

About Mondelez International

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.