Stock Yards Bank & Trust Co. Purchases 6,850 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Stock Yards Bank & Trust Co. increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 2.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 323,430 shares of the company's stock after acquiring an additional 6,850 shares during the quarter. Stock Yards Bank & Trust Co.'s holdings in Mondelez International were worth $21,945,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in MDLZ. Marshall Investment Management LLC acquired a new stake in shares of Mondelez International during the fourth quarter worth approximately $26,000. Transce3nd LLC acquired a new position in Mondelez International during the fourth quarter valued at approximately $30,000. Orion Capital Management LLC acquired a new stake in shares of Mondelez International in the fourth quarter worth $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Mondelez International in the fourth quarter worth $31,000. Finally, Sierra Ocean LLC acquired a new stake in shares of Mondelez International in the fourth quarter worth $32,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on MDLZ. Stifel Nicolaus lifted their price target on shares of Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Royal Bank of Canada reiterated an "outperform" rating and set a $69.00 price target on shares of Mondelez International in a research report on Monday, April 28th. Evercore ISI upped their price target 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. DA Davidson downgraded shares of Mondelez International from a "buy" rating to a "neutral" rating and upped their target price for the company from $66.00 to $68.00 in a research report on Thursday, April 24th. Finally, Wells Fargo & Company increased their price target on shares of Mondelez International from $64.00 to $68.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Mondelez International has an average rating of "Moderate Buy" and an average price target of $70.11.

Mondelez International Stock Performance

Shares of MDLZ stock traded down $1.19 on Friday, hitting $66.93. 6,528,752 shares of the stock were exchanged, compared to its average volume of 8,045,823. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $86.66 billion, a PE ratio of 19.57, a P/E/G ratio of 4.34 and a beta of 0.48. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The firm's 50 day moving average is $66.56 and its two-hundred day moving average is $63.49.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.07. The business had revenue of $9.31 billion for the quarter, compared to analysts' expectations of $9.37 billion. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The firm's quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.93 EPS. Sell-side analysts expect that Mondelez International, Inc. will post 2.9 earnings per share 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. Investors of record on Monday, June 30th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 2.81%. Mondelez International's 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.