Mondelez International, Inc. (NASDAQ:MDLZ) Stake Reduced by Greenleaf Trust

Greenleaf Trust lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 2.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 312,372 shares of the company's stock after selling 6,563 shares during the period. Greenleaf Trust's holdings in Mondelez International were worth $21,194,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Checchi Capital Advisers LLC grew its stake in shares of Mondelez International by 1.0% in the 1st quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company's stock valued at $1,083,000 after buying an additional 160 shares in the last quarter. Glass Jacobson Investment Advisors llc grew its stake in shares of Mondelez International by 6.7% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 2,681 shares of the company's stock valued at $160,000 after buying an additional 168 shares in the last quarter. Sound Income Strategies LLC grew its stake in shares of Mondelez International by 11.1% in the 1st quarter. Sound Income Strategies LLC now owns 1,688 shares of the company's stock valued at $115,000 after buying an additional 168 shares in the last quarter. Baker Avenue Asset Management LP grew its stake in shares of Mondelez International by 4.2% in the 4th quarter. Baker Avenue Asset Management LP now owns 4,763 shares of the company's stock valued at $284,000 after buying an additional 193 shares in the last quarter. Finally, City Holding Co. grew its stake in shares of Mondelez International by 28.0% in the 1st quarter. City Holding Co. now owns 896 shares of the company's stock valued at $61,000 after buying an additional 196 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on MDLZ shares. UBS Group upped their target price on Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a research report on Thursday, April 17th. JPMorgan Chase & Co. upped their price target on Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a report on Friday, April 11th. Barclays upped their target price on Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Royal Bank Of Canada restated an "outperform" rating and issued a $69.00 target price on shares of Mondelez International in a research note on Monday, April 28th. Finally, DA Davidson lowered 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 note on Thursday, April 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Mondelez International presently has a consensus rating of "Moderate Buy" and an average price target of $70.63.

Mondelez International Price Performance

Shares of MDLZ opened at $68.19 on Wednesday. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year 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 stock has a market cap of $88.29 billion, a P/E ratio of 25.35, a price-to-earnings-growth ratio of 5.33 and a beta of 0.48. The stock's 50-day moving average price is $67.04 and its two-hundred day moving average price is $64.12.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.07. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The business had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. During the same quarter last year, the firm earned $0.93 EPS. Mondelez International's revenue for the quarter was up .2% compared to the same quarter last year. On average, equities analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International's dividend payout ratio is presently 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.

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