Diversified Trust Co Has $1.60 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Diversified Trust Co reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 43.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 23,584 shares of the company's stock after selling 17,990 shares during the period. Diversified Trust Co's holdings in Mondelez International were worth $1,600,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in MDLZ. Brighton Jones LLC increased its stake in shares of Mondelez International by 92.4% in the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company's stock valued at $874,000 after buying an additional 7,025 shares during the period. Bank Pictet & Cie Europe AG increased its stake in shares of Mondelez International by 1.1% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 334,994 shares of the company's stock valued at $20,009,000 after buying an additional 3,706 shares during the period. IFP Advisors Inc increased its stake in shares of Mondelez International by 17.8% in the 4th quarter. IFP Advisors Inc now owns 6,443 shares of the company's stock valued at $385,000 after buying an additional 972 shares during the period. Whipplewood Advisors LLC acquired a new stake in shares of Mondelez International in the 4th quarter valued at $92,000. Finally, Kovack Advisors Inc. increased its stake in shares of Mondelez International by 20.5% in the 4th quarter. Kovack Advisors Inc. now owns 5,102 shares of the company's stock valued at $305,000 after buying an additional 867 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MDLZ. Piper Sandler lifted their price objective on Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 9th. UBS Group lifted their price objective on Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a research note on Thursday, April 17th. JPMorgan Chase & Co. lifted their price objective on Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research note on Friday, April 11th. Morgan Stanley lifted their price objective on Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Finally, Wells Fargo & Company raised Mondelez International from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $68.00 to $78.00 in a research note on Friday, June 20th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $70.63.

Mondelez International Stock Performance

MDLZ stock opened at $67.78 on Friday. The business's 50-day moving average price is $66.73 and its two-hundred day moving average price is $63.74. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61. The firm has a market cap of $87.76 billion, a PE ratio of 25.20, a P/E/G ratio of 5.25 and a beta of 0.48. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.07. The company had revenue of $9.31 billion for 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%. The company's quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.93 earnings per share. As a group, research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

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