CENTRAL TRUST Co Acquires 4,088 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

CENTRAL TRUST Co increased its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 7.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 62,089 shares of the company's stock after purchasing an additional 4,088 shares during the period. CENTRAL TRUST Co's holdings in Mondelez International were worth $4,213,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MDLZ. Insigneo Advisory Services LLC raised its position in Mondelez International by 79.4% during the first quarter. Insigneo Advisory Services LLC now owns 8,700 shares of the company's stock valued at $590,000 after buying an additional 3,850 shares during the period. Chicago Capital LLC purchased a new stake in Mondelez International in the 1st quarter worth about $375,000. Smith Shellnut Wilson LLC ADV lifted its stake in Mondelez International by 5.1% in the 1st quarter. Smith Shellnut Wilson LLC ADV now owns 5,290 shares of the company's stock worth $359,000 after acquiring an additional 256 shares in the last quarter. AA Financial Advisors LLC purchased a new stake in Mondelez International in the 1st quarter worth about $235,000. Finally, Inscription Capital LLC purchased a new stake in Mondelez International in the 1st quarter worth about $489,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

MDLZ remained flat at $66.35 during trading on Thursday. 7,003,125 shares of the company traded hands, compared to its average volume of 8,068,524. The stock has a market capitalization of $85.91 billion, a price-to-earnings ratio of 24.67, a PEG ratio of 5.14 and a beta of 0.48. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. 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 company has a 50 day simple moving average of $66.63 and a 200 day simple moving average of $63.52.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.67 by $0.07. The firm had revenue of $9.31 billion for 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 business's quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.93 EPS. As a group, sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be issued 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 dividend yield of 2.83%. Mondelez International's payout ratio is 69.89%.

Wall Street Analyst Weigh In

MDLZ has been the subject of several research analyst reports. Piper Sandler increased 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. Evercore ISI lifted their target price on shares of Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. Wells Fargo & Company lifted their target price on shares of Mondelez International from $64.00 to $68.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 2nd. Stifel Nicolaus lifted their target price on shares of Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Finally, Argus lowered shares of Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. 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 stock. According to data from MarketBeat.com, Mondelez International has a consensus rating of "Moderate Buy" and a consensus target price of $70.11.

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.