Country Trust Bank Raises Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Country Trust Bank lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 108.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,401 shares of the company’s stock after buying an additional 1,250 shares during the quarter. Country Trust Bank’s holdings in Mondelez International were worth $177,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in Mondelez International by 5.4% in the first quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock valued at $9,153,609,000 after purchasing an additional 6,696,897 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Mondelez International by 40.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock valued at $1,094,557,000 after purchasing an additional 4,794,746 shares during the last quarter. Capital Research Global Investors grew its stake in shares of Mondelez International by 7.3% during the 1st quarter. Capital Research Global Investors now owns 32,497,024 shares of the company’s stock valued at $2,274,792,000 after buying an additional 2,206,023 shares during the period. Wulff Hansen & CO. increased its stake in Mondelez International by 6,311.0% during the second quarter. Wulff Hansen & CO. now owns 1,750,847 shares of the company’s stock worth $114,575,000 after acquiring an additional 1,723,537 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Mondelez International by 4.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock valued at $2,636,897,000 after purchasing an additional 1,686,229 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Down 0.2 %

NASDAQ MDLZ opened at $70.85 on Wednesday. The firm has a market capitalization of $95.04 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 3.02 and a beta of 0.54. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $77.20. The company has a 50-day simple moving average of $72.14 and a 200-day simple moving average of $69.55. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.79 by $0.07. The company had revenue of $8.34 billion during the quarter, compared to analyst estimates of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The business’s revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.76 earnings per share. On average, equities analysts forecast that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be given a $0.47 dividend. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.88 annualized dividend and a yield of 2.65%. Mondelez International’s dividend payout ratio is 59.68%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Stifel Nicolaus cut their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, July 23rd. Bank of America dropped their target price on Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. JPMorgan Chase & Co. upped their price target on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Evercore ISI lifted their price objective on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Finally, The Goldman Sachs Group began coverage on shares of Mondelez International in a research note on Monday, August 12th. They issued a “buy” rating and a $80.00 target price for the company. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $78.65.

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.