BankPlus Trust Department Reduces Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

BankPlus Trust Department reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 79.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,016 shares of the company's stock after selling 7,837 shares during the quarter. BankPlus Trust Department's holdings in Mondelez International were worth $137,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Checchi Capital Advisers LLC grew its stake in Mondelez International by 1.0% in the first quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company's stock worth $1,083,000 after purchasing an additional 160 shares during the period. Glass Jacobson Investment Advisors llc grew its stake in shares of Mondelez International by 6.7% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 2,681 shares of the company's stock worth $160,000 after acquiring an additional 168 shares during the last quarter. Sound Income Strategies LLC grew its stake in shares of Mondelez International by 11.1% in the first quarter. Sound Income Strategies LLC now owns 1,688 shares of the company's stock worth $115,000 after acquiring an additional 168 shares during the last quarter. Baker Avenue Asset Management LP grew its stake in shares of Mondelez International by 4.2% in the fourth quarter. Baker Avenue Asset Management LP now owns 4,763 shares of the company's stock worth $284,000 after acquiring an additional 193 shares during the last quarter. Finally, Country Club Bank grew its stake in shares of Mondelez International by 1.5% in the first quarter. Country Club Bank now owns 12,797 shares of the company's stock worth $867,000 after acquiring an additional 194 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Stifel Nicolaus increased their target price on Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. UBS Group increased their target price on Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a research note on Thursday, April 17th. Piper Sandler increased their target price on Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 9th. Royal Bank Of Canada reissued an "outperform" rating and issued a $69.00 target price on shares of Mondelez International in a research note on Monday, April 28th. Finally, JPMorgan Chase & Co. increased their price objective on Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, Mondelez International presently has a consensus rating of "Moderate Buy" and an average price target of $70.63.

Mondelez International Price Performance

NASDAQ MDLZ traded up $0.03 during trading on Friday, hitting $67.18. 6,171,071 shares of the stock traded hands, compared to its average volume of 8,100,272. The company has a market capitalization of $86.99 billion, a P/E ratio of 24.97, a price-to-earnings-growth ratio of 5.21 and a beta of 0.48. The firm has a 50-day simple moving average of $66.99 and a 200-day simple moving average of $64.31. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.61. 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 announced 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 firm had revenue of $9.31 billion during the quarter, compared to analysts' expectations of $9.37 billion. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The company's quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 EPS. As a group, analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date is Monday, June 30th. Mondelez International's dividend payout ratio (DPR) is 69.89%.

About Mondelez International

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.