Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by US Bancorp DE

Key Points

• US Bancorp DE reduced its stake in Mondelez International by 4.3%, now owning 1,114,726 shares valued at approximately $75.63 million according to its latest SEC filing.
• Mondelez International reported quarterly earnings of $0.73 per share, surpassing expectations and showing a year-over-year revenue increase of 7.7% to $8.98 billion.
• The company announced a quarterly dividend of $0.50 per share, with a payout ratio of 68.86%, reflecting an increase from the previous dividend of $0.47.

US Bancorp DE cut its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 4.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,114,726 shares of the company's stock after selling 50,178 shares during the period. US Bancorp DE owned about 0.09% of Mondelez International worth $75,634,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MDLZ. Brighton Jones LLC grew its stake in shares of Mondelez International by 92.4% during the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company's stock valued at $874,000 after acquiring an additional 7,025 shares in the last quarter. Bank Pictet & Cie Europe AG grew its stake in shares of Mondelez International by 1.1% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 334,994 shares of the company's stock valued at $20,009,000 after acquiring an additional 3,706 shares in the last quarter. Bryce Point Capital LLC acquired a new stake in shares of Mondelez International during the fourth quarter valued at about $478,000. DF Dent & Co. Inc. lifted its position in shares of Mondelez International by 1.0% during the fourth quarter. DF Dent & Co. Inc. now owns 21,555 shares of the company's stock worth $1,287,000 after purchasing an additional 213 shares during the last quarter. Finally, Yoffe Investment Management LLC bought a new position in shares of Mondelez International during the fourth quarter worth about $205,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Price Performance

Shares of NASDAQ MDLZ traded down $0.02 during mid-day trading on Wednesday, reaching $62.29. 4,362,143 shares of the company traded hands, compared to its average volume of 9,087,040. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. The firm has a market cap of $80.65 billion, a PE ratio of 22.77, a price-to-earnings-growth ratio of 4.80 and a beta of 0.46. The stock has a fifty day simple moving average of $67.58 and a 200-day simple moving average of $65.37.

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

Mondelez International Increases Dividend

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

Analyst Ratings Changes

Several brokerages have recently commented on MDLZ. UBS Group reduced their price target on shares of Mondelez International from $72.00 to $69.00 and set a "neutral" rating on the stock in a research report on Thursday, July 31st. Barclays increased their price target on shares of Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Morgan Stanley increased their price target on shares of Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Wells Fargo & Company raised shares of Mondelez International from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $68.00 to $78.00 in a research report on Friday, June 20th. Finally, Evercore ISI raised their target price on shares of Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Mondelez International has a consensus rating of "Moderate Buy" and an average target price of $71.95.

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.