Diversified Trust Co Sells 623 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Diversified Trust Co reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,399 shares of the company’s stock after selling 623 shares during the quarter. Diversified Trust Co’s holdings in Mondelez International were worth $1,650,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of MDLZ. Vanguard Group Inc. boosted its stake in Mondelez International by 5.4% in the 1st quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock valued at $9,153,609,000 after purchasing an additional 6,696,897 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Mondelez International by 40.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock worth $1,094,557,000 after buying an additional 4,794,746 shares in the last quarter. Capital Research Global Investors boosted its position in shares of Mondelez International by 7.3% in the first quarter. Capital Research Global Investors now owns 32,497,024 shares of the company’s stock valued at $2,274,792,000 after acquiring an additional 2,206,023 shares during the period. Wulff Hansen & CO. grew its stake in shares of Mondelez International by 6,311.0% in the second quarter. Wulff Hansen & CO. now owns 1,750,847 shares of the company’s stock valued at $114,575,000 after acquiring an additional 1,723,537 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Mondelez International by 4.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock worth $2,636,897,000 after acquiring an additional 1,686,229 shares during the period. 78.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on MDLZ. Bank of America cut their price objective on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Sanford C. Bernstein reduced their price target on Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. The Goldman Sachs Group assumed coverage on Mondelez International in a report on Monday, August 12th. They issued a “buy” rating and a $80.00 price objective for the company. Deutsche Bank Aktiengesellschaft reduced their target price on Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Finally, Stifel Nicolaus dropped their price target 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. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $78.65.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $70.85 on Wednesday. The stock has a market cap of $95.04 billion, a price-to-earnings ratio of 22.41, a P/E/G ratio of 3.02 and a beta of 0.54. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $77.20. The company’s fifty day moving average is $72.14 and its 200 day moving average is $69.55.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly 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 during the quarter, compared to analysts’ expectations of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The business’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.76 earnings per share. Sell-side analysts forecast that Mondelez International, Inc. will post 3.49 EPS for the current year.

Mondelez International Increases Dividend

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

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.