Capital City Trust Co. FL Has $294,000 Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Key Points

• Capital City Trust Co. FL has reduced its holdings in Mondelez International by 46.8%, owning 4,328 shares worth $294,000 after selling 3,806 shares.
• Several large investors have also adjusted their stakes, with Capital Research Global Investors increasing its holding by 13.9% to own over 37 million shares, valued at approximately $2.24 billion.
• Mondelez International's latest earnings report showed an EPS of $0.74, beating estimates by $0.07, while a quarterly dividend of $0.47 was recently paid, representing an annual yield of 2.66%.

Capital City Trust Co. FL lowered its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 46.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,328 shares of the company's stock after selling 3,806 shares during the period. Capital City Trust Co. FL's holdings in Mondelez International were worth $294,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Capital Research Global Investors boosted its stake in Mondelez International by 13.9% during the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock worth $2,241,637,000 after acquiring an additional 4,572,555 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in Mondelez International in the first quarter valued at $189,930,000. Deutsche Bank AG raised its holdings in shares of Mondelez International by 17.1% during the fourth quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock valued at $820,337,000 after purchasing an additional 2,002,640 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Mondelez International during the 4th quarter worth about $104,065,000. Finally, Invesco Ltd. grew its stake in shares of Mondelez International by 13.6% in the 4th quarter. Invesco Ltd. now owns 12,409,582 shares of the company's stock valued at $741,224,000 after buying an additional 1,483,270 shares during the period. Institutional investors and hedge funds own 78.32% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MDLZ. Barclays boosted their target price on Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Jefferies Financial Group upgraded Mondelez International from a "hold" rating to a "buy" rating and boosted their price objective for the company from $66.00 to $78.00 in a report on Thursday, July 17th. Morgan Stanley upped their target price on Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. lifted their price target on shares of Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a research report on Friday, April 11th. Finally, DA Davidson lowered shares of Mondelez International from a "buy" rating to a "neutral" rating and boosted their price target for the company from $66.00 to $68.00 in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $70.72.

Mondelez International Trading Up 0.6%

Shares of MDLZ stock opened at $70.58 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.40 and a current ratio of 0.61. The company has a market capitalization of $91.39 billion, a price-to-earnings ratio of 26.24, a PEG ratio of 5.31 and a beta of 0.48. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The company has a 50-day simple moving average of $67.64 and a two-hundred day simple moving average of $64.97.

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

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 14th. Shareholders of record on Monday, June 30th were paid a $0.47 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.66%. Mondelez International's dividend payout ratio (DPR) is presently 69.89%.

About Mondelez International

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.

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