Mondelez International, Inc. (NASDAQ:MDLZ) Holdings Lowered by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV lowered its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 25.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,855 shares of the company’s stock after selling 3,364 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Mondelez International were worth $726,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Gotham Asset Management LLC increased its holdings in shares of Mondelez International by 10.4% in the 4th quarter. Gotham Asset Management LLC now owns 174,831 shares of the company’s stock valued at $12,663,000 after purchasing an additional 16,450 shares during the period. GSA Capital Partners LLP acquired a new position in Mondelez International in the 1st quarter valued at approximately $1,686,000. Schroder Investment Management Group lifted its position in Mondelez International by 35.1% in the 4th quarter. Schroder Investment Management Group now owns 649,046 shares of the company’s stock worth $47,010,000 after buying an additional 168,639 shares in the last quarter. Alaska Permanent Fund Corp boosted its stake in shares of Mondelez International by 76.4% during the 1st quarter. Alaska Permanent Fund Corp now owns 63,202 shares of the company’s stock valued at $4,424,000 after buying an additional 27,370 shares during the period. Finally, GLOBALT Investments LLC GA purchased a new position in shares of Mondelez International during the 4th quarter valued at $5,290,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Up 0.5 %

Mondelez International stock opened at $71.51 on Friday. 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 fifty-two week low of $60.75 and a fifty-two week high of $77.20. The firm has a fifty day moving average price of $72.07 and a two-hundred day moving average price of $69.59. The firm has a market cap of $95.92 billion, a price-to-earnings ratio of 22.70, a P/E/G ratio of 3.02 and a beta of 0.54.

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

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.63%. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date is Monday, September 30th. Mondelez International’s dividend payout ratio is currently 59.68%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MDLZ. Stifel Nicolaus cut their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, July 23rd. JPMorgan Chase & Co. raised their price target on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft lowered their price target on Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. The Goldman Sachs Group began coverage on shares of Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 price objective on the stock. Finally, Bank of America reduced their target price on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. One investment analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $78.65.

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.