Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Avalon Trust Co

Key Points

• Avalon Trust Co has reduced its holdings in Mondelez International by 40.1%, now owning 212,075 shares worth approximately $14.39 million.
• Mondelez reported $0.73 EPS for the last quarter, exceeding analysts' expectations and showing a 7.7% year-over-year revenue increase.
• The company announced a dividend increase, now paying $0.50 per share, which represents an annual yield of 3.1%.

Avalon Trust Co reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 40.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 212,075 shares of the company's stock after selling 142,051 shares during the period. Mondelez International makes up approximately 1.1% of Avalon Trust Co's holdings, making the stock its 26th largest holding. Avalon Trust Co's holdings in Mondelez International were worth $14,389,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of MDLZ. Manchester Capital Management LLC lifted its position in Mondelez International by 4.1% during the 1st quarter. Manchester Capital Management LLC now owns 8,361 shares of the company's stock worth $567,000 after acquiring an additional 326 shares in the last quarter. J. Safra Sarasin Holding AG lifted its position in Mondelez International by 23.1% during the 1st quarter. J. Safra Sarasin Holding AG now owns 15,699 shares of the company's stock worth $1,065,000 after acquiring an additional 2,949 shares in the last quarter. Banco Santander S.A. increased its holdings in Mondelez International by 137.8% during the 1st quarter. Banco Santander S.A. now owns 36,295 shares of the company's stock worth $2,463,000 after purchasing an additional 21,032 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Mondelez International by 1.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,151,683 shares of the company's stock worth $145,992,000 after purchasing an additional 22,611 shares during the last quarter. Finally, IFG Advisory LLC purchased a new stake in Mondelez International during the 1st quarter worth approximately $201,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Price Performance

Shares of MDLZ opened at $63.93 on Friday. The company has a market cap of $82.78 billion, a P/E ratio of 23.42, a PEG ratio of 4.71 and a beta of 0.46. The stock has a fifty day moving average price of $67.73 and a 200 day moving average price of $65.30. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.40. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.05. The firm had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $8.82 billion. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%. The firm's revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.86 EPS. On average, research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Tuesday, September 30th. This is an increase from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's dividend payout ratio (DPR) is currently 68.86%.

Analysts Set New Price Targets

Several research firms have issued reports on MDLZ. Morgan Stanley lifted their price objective on Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Wells Fargo & Company upgraded 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 report on Friday, June 20th. Jefferies Financial Group upgraded Mondelez International from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $66.00 to $78.00 in a report on Thursday, July 17th. Barclays lifted their price objective on Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, JPMorgan Chase & Co. upped their price objective on Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $71.95.

Mondelez International Company 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.

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