Whittier Trust Co. Lowers Position in Mondelez International, Inc. $MDLZ

Key Points

• Whittier Trust Co. has significantly reduced its holdings in Mondelez International by 56.5%, now owning 158,303 shares valued at approximately $10.7 million.
• Several other hedge funds have adjusted their positions in Mondelez, with 78.32% of the stock currently owned by institutional investors.
• Mondelez recently declared a quarterly dividend of $0.50, an increase from the previous $0.47, representing an annual yield of 3.2%.

Whittier Trust Co. cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 56.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 158,303 shares of the company's stock after selling 205,659 shares during the quarter. Whittier Trust Co.'s holdings in Mondelez International were worth $10,676,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in MDLZ. Liberty One Investment Management LLC lifted its position in shares of Mondelez International by 1.8% during the second quarter. Liberty One Investment Management LLC now owns 393,117 shares of the company's stock valued at $26,512,000 after buying an additional 6,772 shares during the last quarter. Phoenix Financial Ltd. purchased a new stake in shares of Mondelez International during the second quarter valued at about $200,000. DekaBank Deutsche Girozentrale lifted its position in shares of Mondelez International by 3.6% during the second quarter. DekaBank Deutsche Girozentrale now owns 2,545,820 shares of the company's stock valued at $169,959,000 after buying an additional 87,806 shares during the last quarter. Journey Advisory Group LLC lifted its position in shares of Mondelez International by 2.2% during the second quarter. Journey Advisory Group LLC now owns 45,367 shares of the company's stock valued at $3,060,000 after buying an additional 989 shares during the last quarter. Finally, Bogart Wealth LLC lifted its position in shares of Mondelez International by 2.8% during the second quarter. Bogart Wealth LLC now owns 109,613 shares of the company's stock valued at $7,392,000 after buying an additional 3,008 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MDLZ has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Mondelez International from $75.00 to $74.00 and set an "overweight" rating for the company in a research report on Friday, October 17th. Dbs Bank raised shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a research report on Friday, August 1st. UBS Group decreased their price target on shares of Mondelez International from $69.00 to $65.00 and set a "neutral" rating for the company in a research report on Wednesday, October 8th. Stifel Nicolaus increased their price target on shares of Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Finally, Morgan Stanley decreased their price target on shares of Mondelez International from $73.00 to $71.00 and set an "overweight" rating for the company in a research report on Monday, October 6th. Twelve analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $70.22.

Mondelez International Stock Performance

MDLZ opened at $61.75 on Wednesday. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $71.39. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. The company has a market cap of $79.90 billion, a P/E ratio of 22.62, a price-to-earnings-growth ratio of 5.62 and a beta of 0.45. The firm's 50-day moving average price is $62.25 and its 200-day moving average price is $65.19.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The company had revenue of $7.30 billion for the quarter. As a group, equities 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 was paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th were issued a $0.50 dividend. This is a boost from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date was Tuesday, September 30th. This represents a $2.00 annualized dividend and a yield of 3.2%. Mondelez International's dividend payout ratio is currently 73.26%.

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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