NBT Bank N A NY Trims Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

NBT Bank N A NY lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 16.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 58,805 shares of the company's stock after selling 11,363 shares during the period. NBT Bank N A NY's holdings in Mondelez International were worth $3,990,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Mondelez International by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company's stock worth $7,910,477,000 after purchasing an additional 931,776 shares during the period. Capital Research Global Investors lifted its holdings in Mondelez International by 13.9% in the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock valued at $2,241,637,000 after acquiring an additional 4,572,555 shares during the last quarter. Geode Capital Management LLC grew its position in Mondelez International by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company's stock worth $1,721,954,000 after acquiring an additional 708,523 shares during the period. Ameriprise Financial Inc. increased its stake in Mondelez International by 5.1% during the fourth quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company's stock worth $1,198,491,000 after acquiring an additional 975,929 shares during the last quarter. Finally, Norges Bank purchased a new stake in Mondelez International in the fourth quarter valued at $1,118,755,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Trading Up 0.4%

Shares of NASDAQ:MDLZ opened at $67.21 on Tuesday. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The company's 50 day moving average is $66.62 and its two-hundred day moving average is $63.48. The company has a market cap of $87.02 billion, a PE ratio of 19.65, a P/E/G ratio of 4.34 and a beta of 0.48. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.07. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The firm had revenue of $9.31 billion during the quarter, compared to analysts' expectations of $9.37 billion. During the same quarter in the previous year, the business earned $0.93 earnings per share. The firm's revenue was up .2% compared to the same quarter last year. Equities analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

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

Analyst Ratings Changes

Several analysts recently issued reports on MDLZ shares. DA Davidson lowered shares of Mondelez International from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $66.00 to $68.00 in a report on Thursday, April 24th. Piper Sandler upped their price objective on shares of Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a report on Wednesday, April 9th. Barclays lifted their target price on shares of Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Evercore ISI upped their price target on Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $70.11.

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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