Atlantic Union Bankshares Corp Sells 5,650 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Atlantic Union Bankshares Corp cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 7.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,903 shares of the company’s stock after selling 5,650 shares during the period. Atlantic Union Bankshares Corp’s holdings in Mondelez International were worth $4,753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of MDLZ. DekaBank Deutsche Girozentrale boosted its stake in Mondelez International by 5.1% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 2,480,235 shares of the company’s stock worth $179,520,000 after buying an additional 120,665 shares during the period. Handelsinvest Investeringsforvaltning bought a new position in shares of Mondelez International in the fourth quarter worth about $1,650,000. SageView Advisory Group LLC purchased a new position in Mondelez International in the 4th quarter worth about $907,000. AGF Management Ltd. lifted its holdings in Mondelez International by 32.9% during the 4th quarter. AGF Management Ltd. now owns 1,735,233 shares of the company’s stock valued at $125,683,000 after buying an additional 429,936 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC lifted its holdings in Mondelez International by 4.7% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 38,518 shares of the company’s stock valued at $2,789,000 after buying an additional 1,713 shares in the last quarter. 78.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MDLZ. Evercore ISI reduced their target price on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 4th. Barclays decreased their target price on Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. JPMorgan Chase & Co. dropped their price target on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. TD Cowen decreased their price objective on Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a report on Thursday, June 6th. Finally, Wells Fargo & Company lowered their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, June 4th. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $80.22.

Mondelez International Stock Performance

Mondelez International stock traded down $1.16 during mid-day trading on Friday, hitting $65.44. The company had a trading volume of 10,899,636 shares, compared to its average volume of 7,325,450. The company has a market capitalization of $87.78 billion, a price-to-earnings ratio of 20.77, a P/E/G ratio of 2.56 and a beta of 0.54. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $77.20. The company’s fifty day moving average is $68.89 and its 200-day moving average is $70.81. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The firm had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.16 billion. During the same period in the prior year, the firm posted $0.89 earnings per share. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. Equities research analysts predict that Mondelez International, Inc. will post 3.49 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date is Friday, June 28th. Mondelez International’s dividend payout ratio (DPR) is presently 53.97%.

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.