Rockland Trust Co. Sells 2,332 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Rockland Trust Co. decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 25.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,932 shares of the company’s stock after selling 2,332 shares during the period. Rockland Trust Co.’s holdings in Mondelez International were worth $511,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. J. W. Coons Advisors LLC increased its holdings in shares of Mondelez International by 7.6% in the fourth quarter. J. W. Coons Advisors LLC now owns 3,597 shares of the company’s stock worth $260,000 after purchasing an additional 253 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in Mondelez International by 1.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 39,741 shares of the company’s stock valued at $2,878,000 after buying an additional 447 shares during the period. Exencial Wealth Advisors LLC grew its stake in Mondelez International by 12.3% in the 4th quarter. Exencial Wealth Advisors LLC now owns 5,706 shares of the company’s stock worth $413,000 after acquiring an additional 625 shares in the last quarter. Stephens Inc. AR increased its holdings in Mondelez International by 4.0% during the 4th quarter. Stephens Inc. AR now owns 33,888 shares of the company’s stock worth $2,455,000 after purchasing an additional 1,290 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in shares of Mondelez International by 2.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 3,336,081 shares of the company’s stock valued at $241,632,000 after buying an additional 71,939 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

MDLZ has been the topic of a number of research reports. The Goldman Sachs Group assumed coverage on shares of Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 target price on the stock. Bank of America cut their target price on Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Sanford C. Bernstein decreased their price target on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. DA Davidson cut their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $78.65.

Mondelez International Stock Performance

Shares of Mondelez International stock traded up $0.35 on Friday, reaching $71.51. 4,379,169 shares of the stock were exchanged, compared to its average volume of 6,891,803. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $77.20. The business has a 50 day moving average price of $72.07 and a two-hundred day moving average price of $69.59. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $95.92 billion, a price-to-earnings ratio of 22.70, a PEG ratio of 3.02 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The business had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $8.45 billion. During the same period in the prior year, the firm earned $0.76 EPS. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. Analysts anticipate that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be given a dividend of $0.47 per share. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend is Monday, September 30th. Mondelez International’s dividend payout ratio (DPR) is currently 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.