Davidson Trust Co. Cuts Stake in Mondelez International, Inc. $MDLZ

Davidson Trust Co. reduced its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 18.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,449 shares of the company’s stock after selling 783 shares during the period. Davidson Trust Co.’s holdings in Mondelez International were worth $233,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Abound Financial LLC purchased a new stake in Mondelez International during the 1st quarter worth approximately $25,000. Goodman Advisory Group LLC purchased a new stake in Mondelez International during the 1st quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. increased its stake in Mondelez International by 376.1% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company’s stock worth $30,000 after buying an additional 346 shares during the period. North Capital Inc. acquired a new position in Mondelez International during the 1st quarter worth approximately $31,000. Finally, Financial Connections Group Inc. acquired a new position in Mondelez International during the 2nd quarter worth approximately $33,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Trading Up 1.6%

NASDAQ MDLZ opened at $62.13 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. The firm’s fifty day moving average price is $62.23 and its 200 day moving average price is $65.37. The company has a market capitalization of $80.39 billion, a price-to-earnings ratio of 22.76, a price-to-earnings-growth ratio of 4.63 and a beta of 0.45. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $72.70.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. The firm had revenue of $7.30 billion for the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. On average, sell-side analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Tuesday, September 30th. This is an increase from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s payout ratio is 73.26%.

Wall Street Analysts Forecast Growth

Several research firms have commented on MDLZ. Wells Fargo & Company lowered 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. Piper Sandler boosted their price target on shares of Mondelez International from $66.00 to $67.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Sanford C. Bernstein boosted their price target on shares of Mondelez International from $79.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Jefferies Financial Group upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and boosted their price target for the stock from $66.00 to $78.00 in a report on Thursday, July 17th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Mondelez International in a report on Tuesday. Thirteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and a consensus price target of $70.89.

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.