Ledyard National Bank Sells 70,254 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Ledyard National Bank trimmed its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 48.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 75,779 shares of the company's stock after selling 70,254 shares during the quarter. Ledyard National Bank's holdings in Mondelez International were worth $5,142,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on MDLZ shares. UBS Group upped their target price on shares of Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. Stifel Nicolaus upped their price target on Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. upped their target price on shares of Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research note on Friday, April 11th. DA Davidson lowered shares of Mondelez International from a "buy" rating to a "neutral" rating and raised their price target for the company from $66.00 to $68.00 in a research report on Thursday, April 24th. Finally, Evercore ISI upped their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Mondelez International currently has an average rating of "Moderate Buy" and a consensus target price of $70.63.

Mondelez International Stock Down 0.1%

NASDAQ:MDLZ traded down $0.07 on Tuesday, reaching $68.43. 6,343,536 shares of the stock traded hands, compared to its average volume of 8,062,091. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The company has a market capitalization of $88.60 billion, a price-to-earnings ratio of 25.44, a PEG ratio of 5.29 and a beta of 0.48. The company's fifty day simple moving average is $66.66 and its 200 day simple moving average is $63.59. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61.

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

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.75%. The ex-dividend date is Monday, June 30th. Mondelez International's dividend payout ratio 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.