Whittier Trust Co. of Nevada Inc. Buys 217 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 166,629 shares of the company’s stock after purchasing an additional 217 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Mondelez International were worth $12,275,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. GSA Capital Partners LLP bought a new position in Mondelez International during the first quarter worth about $1,686,000. Duality Advisers LP bought a new position in Mondelez International during the 1st quarter valued at about $4,528,000. BDF Gestion bought a new stake in Mondelez International during the second quarter worth about $6,690,000. M&G Plc acquired a new stake in shares of Mondelez International during the first quarter worth approximately $12,010,000. Finally, Advisory Services Network LLC raised its stake in shares of Mondelez International by 35.3% in the first quarter. Advisory Services Network LLC now owns 60,401 shares of the company’s stock valued at $4,228,000 after acquiring an additional 15,746 shares during the last quarter. 78.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MDLZ. JPMorgan Chase & Co. raised their price target on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Bank of America upped their price target on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. DA Davidson lowered their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. The Goldman Sachs Group started coverage on shares of Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 price target for the company. Finally, Sanford C. Bernstein cut their price objective on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $78.88.

Mondelez International Trading Down 1.5 %

Shares of Mondelez International stock traded down $1.08 during trading hours on Monday, hitting $70.50. The company’s stock had a trading volume of 2,674,679 shares, compared to its average volume of 6,776,471. The company has a market capitalization of $94.57 billion, a PE ratio of 22.44, a price-to-earnings-growth ratio of 2.87 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. The stock has a 50 day moving average of $72.53 and a 200 day moving average of $69.62. Mondelez International, Inc. has a 12 month low of $63.66 and a 12 month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The business had revenue of $8.34 billion during the quarter, compared to analysts’ expectations of $8.45 billion. During the same period in the prior year, the business earned $0.76 EPS. Mondelez International’s revenue for the quarter was down 1.9% compared to the same quarter last year. Analysts predict that Mondelez International, Inc. will post 3.5 earnings per share for the current year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 14th. Investors of record on Monday, September 30th were given a $0.47 dividend. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a yield of 2.67%. The ex-dividend date was Monday, September 30th. Mondelez International’s payout ratio is currently 59.68%.

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.