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 lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 40.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 212,075 shares of the company's stock after selling 142,051 shares during the quarter. Mondelez International accounts for approximately 1.1% of Avalon Trust Co's holdings, making the stock its 26th biggest position. Avalon Trust Co's holdings in Mondelez International were worth $14,389,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MDLZ. Abound Financial LLC purchased a new stake in Mondelez International in the 1st quarter worth approximately $25,000. Goodman Advisory Group LLC purchased a new stake in shares of Mondelez International in the first quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Mondelez International by 376.1% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after purchasing an additional 346 shares during the period. North Capital Inc. purchased a new position in shares of Mondelez International during the 1st quarter valued at $31,000. Finally, Orion Capital Management LLC bought a new position in Mondelez International in the 4th quarter worth $30,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Price Performance

MDLZ stock traded down $0.09 during mid-day trading on Thursday, reaching $61.98. The company's stock had a trading volume of 1,649,866 shares, compared to its average volume of 9,060,775. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The company's 50 day moving average is $67.49 and its two-hundred day moving average is $65.35. The stock has a market cap of $80.25 billion, a PE ratio of 22.69, a P/E/G ratio of 4.71 and a beta of 0.46.

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

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.50 per share. This is a positive change from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. Mondelez International's dividend payout ratio is presently 68.86%.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of several research analyst reports. Dbs Bank raised shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a report on Friday, August 1st. Stifel Nicolaus lifted their price objective on shares of Mondelez International from $73.00 to $76.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. DA Davidson downgraded shares of Mondelez International from a "buy" rating to a "neutral" rating and increased their price target for the company from $66.00 to $68.00 in a report on Thursday, April 24th. UBS Group dropped their price target on Mondelez International from $72.00 to $69.00 and set a "neutral" rating for the company in a research report on Thursday, July 31st. Finally, JPMorgan Chase & Co. raised 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 investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Mondelez International has a consensus 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.