Essex Savings Bank Has $829,000 Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Essex Savings Bank lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.7% during the 1st quarter, HoldingsChannel reports. The firm owned 12,211 shares of the company’s stock after selling 602 shares during the quarter. Essex Savings Bank’s holdings in Mondelez International were worth $829,000 as of its most recent filing with the Securities & Exchange Commission.

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

Mondelez International Trading Down 1.3%

NASDAQ MDLZ opened at $66.35 on Wednesday. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The stock’s 50 day moving average price is $66.63 and its two-hundred day moving average price is $63.50. The stock has a market capitalization of $85.91 billion, a price-to-earnings ratio of 24.67, a PEG ratio of 5.20 and a beta of 0.48. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.40 and a current ratio of 0.61.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.67 by $0.07. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The firm had revenue of $9.31 billion during the quarter, compared to analysts’ expectations of $9.37 billion. During the same period in the prior year, the firm posted $0.93 earnings per share. The business’s quarterly revenue was up .2% compared to the same quarter last year. As a group, analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International’s payout ratio is currently 69.89%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Argus cut Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 21st. DA Davidson downgraded Mondelez International from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $66.00 to $68.00 in a report on Thursday, April 24th. JPMorgan Chase & Co. upped their target price on shares of Mondelez International from $64.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, April 11th. Morgan Stanley increased their price target on Mondelez International from $69.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, April 30th. Finally, UBS Group lifted their price objective on shares of Mondelez International from $60.00 to $69.00 and gave the stock a “neutral” rating in a research note on Thursday, April 17th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and a consensus price target of $70.11.

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.