Sabal Trust CO Makes New Investment in Mondelez International, Inc. (NASDAQ:MDLZ)

Sabal Trust CO purchased a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 419,531 shares of the company's stock, valued at approximately $28,465,000. Mondelez International comprises approximately 1.6% of Sabal Trust CO's holdings, making the stock its 24th biggest position.

Several other institutional investors have also made changes to their positions in the company. Amundi lifted its holdings in Mondelez International by 20.1% in the 4th quarter. Amundi now owns 2,856,534 shares of the company's stock worth $166,507,000 after purchasing an additional 478,225 shares during the last quarter. Kingswood Wealth Advisors LLC lifted its holdings in Mondelez International by 15.0% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company's stock worth $527,000 after purchasing an additional 1,013 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in Mondelez International by 0.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 457,774 shares of the company's stock worth $27,343,000 after purchasing an additional 4,121 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Mondelez International in the 4th quarter worth approximately $336,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Mondelez International by 23.6% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 44,786 shares of the company's stock worth $3,039,000 after purchasing an additional 8,544 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Evercore ISI boosted their target price on Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. JPMorgan Chase & Co. lifted their price target on Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $69.00 price target on shares of Mondelez International in a research report on Monday, April 28th. Barclays lifted their price target on Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Finally, Stifel Nicolaus lifted their price target on Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $70.63.

Mondelez International Stock Performance

Shares of MDLZ traded up $0.03 on Friday, reaching $67.78. 9,105,219 shares of the stock traded hands, compared to its average volume of 8,071,969. The firm has a market cap of $87.76 billion, a price-to-earnings ratio of 25.20, a P/E/G ratio of 5.25 and a beta of 0.48. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.61 and a quick ratio of 0.40. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The stock's 50-day moving average price is $66.73 and its 200-day moving average price is $63.74.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.07. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The firm had revenue of $9.31 billion for the quarter, compared to analysts' expectations of $9.37 billion. During the same period in the prior year, the business posted $0.93 earnings per share. The business's revenue was up .2% compared to the same quarter last year. Equities analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International's dividend payout ratio (DPR) is 69.89%.

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.