Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Ledyard National Bank

Ledyard National Bank reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.0% during the first quarter, HoldingsChannel reports. The firm owned 192,227 shares of the company’s stock after selling 6,027 shares during the quarter. Mondelez International comprises about 1.3% of Ledyard National Bank’s holdings, making the stock its 24th largest holding. Ledyard National Bank’s holdings in Mondelez International were worth $13,456,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. D Orazio & Associates Inc. lifted its position in shares of Mondelez International by 3.8% during the first quarter. D Orazio & Associates Inc. now owns 4,773 shares of the company’s stock worth $334,000 after purchasing an additional 176 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Mondelez International by 15.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,858,301 shares of the company’s stock valued at $130,081,000 after acquiring an additional 245,701 shares in the last quarter. Souders Financial Advisors raised its holdings in Mondelez International by 1.4% in the first quarter. Souders Financial Advisors now owns 43,163 shares of the company’s stock valued at $3,021,000 after acquiring an additional 609 shares in the last quarter. State Board of Administration of Florida Retirement System raised its holdings in Mondelez International by 2.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 1,542,607 shares of the company’s stock valued at $107,551,000 after acquiring an additional 40,018 shares in the last quarter. Finally, TD Asset Management Inc raised its holdings in Mondelez International by 3.5% in the first quarter. TD Asset Management Inc now owns 1,025,760 shares of the company’s stock valued at $71,803,000 after acquiring an additional 34,404 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MDLZ has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their price target on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Evercore ISI cut their price target on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a report on Tuesday, June 4th. Sanford C. Bernstein cut their price target on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday. Barclays cut their price target on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $79.94.

Mondelez International Price Performance

Shares of MDLZ traded down $0.20 during mid-day trading on Thursday, hitting $66.92. The company’s stock had a trading volume of 5,688,229 shares, compared to its average volume of 7,296,895. The firm has a 50-day moving average price of $67.57 and a 200 day moving average price of $70.28. The stock has a market capitalization of $89.76 billion, a price-to-earnings ratio of 21.24, a PEG ratio of 2.64 and a beta of 0.53. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.63. Mondelez International, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.06. The company had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.16 billion. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The business’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 EPS. On average, research analysts predict that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were paid a $0.425 dividend. The ex-dividend date was Friday, June 28th. This represents a $1.70 annualized dividend and a dividend yield of 2.54%. Mondelez International’s dividend payout ratio is currently 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.