Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Montecito Bank & Trust

Montecito Bank & Trust cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,568 shares of the company’s stock after selling 270 shares during the quarter. Montecito Bank & Trust’s holdings in Mondelez International were worth $581,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Marshall Investment Management LLC acquired a new stake in shares of Mondelez International in the fourth quarter worth approximately $26,000. Transce3nd LLC acquired a new stake in Mondelez International during the 4th quarter worth $30,000. Orion Capital Management LLC purchased a new stake in shares of Mondelez International during the fourth quarter worth $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Mondelez International during the fourth quarter worth $31,000. Finally, Sierra Ocean LLC acquired a new stake in shares of Mondelez International in the fourth quarter valued at about $32,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MDLZ has been the topic of a number of recent research reports. Morgan Stanley boosted 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. Stifel Nicolaus boosted their target price on Mondelez International from $70.00 to $73.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. Evercore ISI upped their price target on Mondelez International from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, April 23rd. Argus downgraded Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. upped their target price on Mondelez International from $64.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and an average price target of $70.11.

Mondelez International Price Performance

Mondelez International stock opened at $67.21 on Tuesday. The company’s 50 day simple moving average is $66.62 and its 200-day simple moving average is $63.48. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The company has a market capitalization of $87.02 billion, a price-to-earnings ratio of 19.65, a price-to-earnings-growth ratio of 4.34 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ) 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 16.75% and a net margin of 12.68%. The company had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. During the same quarter in the previous year, the company earned $0.93 earnings per share. The firm’s quarterly revenue was up .2% compared to the same quarter last year. As a group, equities research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be issued 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 is presently 69.89%.

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.