Mondelez International, Inc. $MDLZ Stock Holdings Reduced by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 8.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,684 shares of the company’s stock after selling 2,782 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Mondelez International were worth $2,137,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its position in Mondelez International by 90.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock worth $1,968,811,000 after acquiring an additional 13,755,181 shares in the last quarter. Nuveen LLC bought a new stake in Mondelez International in the first quarter worth $866,843,000. Invesco Ltd. boosted its holdings in Mondelez International by 1.1% in the first quarter. Invesco Ltd. now owns 12,547,186 shares of the company’s stock worth $851,327,000 after purchasing an additional 137,604 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Mondelez International by 57.6% in the first quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock worth $640,964,000 after purchasing an additional 3,454,174 shares in the last quarter. Finally, Bahl & Gaynor Inc. boosted its holdings in Mondelez International by 1.5% in the first quarter. Bahl & Gaynor Inc. now owns 6,147,235 shares of the company’s stock worth $417,090,000 after purchasing an additional 89,362 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Up 0.7%

MDLZ opened at $61.45 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $72.70. The business has a 50 day moving average of $62.28 and a 200-day moving average of $65.45. The stock has a market capitalization of $79.51 billion, a price-to-earnings ratio of 22.51, a P/E/G ratio of 4.62 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ) 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 firm had revenue of $7.30 billion during the quarter. As a group, sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently disclosed 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. The ex-dividend date is Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. This is an increase from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s dividend payout ratio is 73.26%.

Analyst Ratings Changes

MDLZ has been the subject of several recent analyst reports. Jefferies Financial Group upgraded Mondelez International from a “hold” rating to a “buy” rating and upped their price target for the stock from $66.00 to $78.00 in a research note on Thursday, July 17th. Berenberg Bank cut Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a research report on Thursday, October 2nd. UBS Group decreased their target price on Mondelez International from $69.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday. Morgan Stanley decreased their price objective on shares of Mondelez International from $73.00 to $71.00 and set an “overweight” rating for the company in a report on Monday, October 6th. Finally, Wells Fargo & Company decreased their price target on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Fourteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and an average price target of $71.55.

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.