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

Legacy Private Trust Co. reduced its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 16.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,884 shares of the company’s stock after selling 567 shares during the quarter. Legacy Private Trust Co.’s holdings in Mondelez International were worth $212,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Seven Eight Capital LP acquired a new stake in shares of Mondelez International in the 4th quarter valued at about $433,000. Verition Fund Management LLC lifted its stake in Mondelez International by 55.5% in the fourth quarter. Verition Fund Management LLC now owns 93,885 shares of the company’s stock valued at $6,800,000 after buying an additional 33,495 shares during the last quarter. First Financial Bankshares Inc purchased a new position in shares of Mondelez International during the fourth quarter worth approximately $83,613,000. Vivaldi Capital Management LP purchased a new position in shares of Mondelez International during the fourth quarter worth approximately $220,000. Finally, Pitcairn Co. increased its holdings in shares of Mondelez International by 6.5% in the 4th quarter. Pitcairn Co. now owns 45,776 shares of the company’s stock valued at $3,316,000 after acquiring an additional 2,792 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

MDLZ opened at $70.85 on Wednesday. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $77.20. The stock has a market cap of $95.04 billion, a P/E ratio of 22.49, a P/E/G ratio of 3.02 and a beta of 0.54. The stock’s 50 day simple moving average is $72.14 and its 200 day simple moving average is $69.55. 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 (NASDAQ:MDLZ) last posted its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 16.69% and a net margin of 10.97%. Mondelez International’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.76 earnings per share. As a group, equities analysts anticipate that Mondelez International, Inc. will post 3.49 EPS 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. Shareholders of record on Monday, September 30th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.65%. The ex-dividend date is Monday, September 30th. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio is 59.68%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MDLZ. Piper Sandler lowered their price objective on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. JPMorgan Chase & Co. boosted their price target on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Stifel Nicolaus reduced their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. The Goldman Sachs Group initiated coverage on Mondelez International in a research note on Monday, August 12th. They issued a “buy” rating and a $80.00 target price on the stock. Finally, Sanford C. Bernstein cut their price target on Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $78.65.

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.