New Covenant Trust Company N.A. Invests $144,000 in Mondelez International, Inc. (NASDAQ:MDLZ)

New Covenant Trust Company N.A. acquired a new position in Mondelez International, Inc. (NASDAQ:MDLZ) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,063 shares of the company’s stock, valued at approximately $144,000.

Several other hedge funds and other institutional investors have also modified their holdings of MDLZ. Norges Bank bought a new position in shares of Mondelez International during the fourth quarter valued at $1,231,413,000. Vanguard Group Inc. lifted its holdings in shares of Mondelez International by 5.4% during the first quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock valued at $9,153,609,000 after acquiring an additional 6,696,897 shares during the period. Capital Research Global Investors lifted its holdings in shares of Mondelez International by 26.9% during the fourth quarter. Capital Research Global Investors now owns 30,291,001 shares of the company’s stock valued at $2,193,977,000 after acquiring an additional 6,426,928 shares during the period. First Trust Advisors LP lifted its holdings in shares of Mondelez International by 152.3% during the fourth quarter. First Trust Advisors LP now owns 4,114,581 shares of the company’s stock valued at $298,019,000 after acquiring an additional 2,483,972 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Mondelez International by 4.9% during the fourth 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 acquiring an additional 1,686,229 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Trading Down 0.1 %

Shares of Mondelez International stock traded down $0.04 during trading on Thursday, hitting $68.31. 8,213,195 shares of the company were exchanged, compared to its average volume of 7,237,650. The firm has a market capitalization of $91.63 billion, a P/E ratio of 21.69, a price-to-earnings-growth ratio of 2.78 and a beta of 0.53. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $77.20. The firm’s fifty day moving average price is $66.76 and its 200 day moving average price is $69.84. 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 (NASDAQ:MDLZ) last posted its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping 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 16.58% and a net margin of 10.97%. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.76 EPS. As a group, sell-side analysts expect that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.75%. 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. Mondelez International’s dividend payout ratio is presently 53.97%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft cut their price objective on Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Evercore ISI cut their price target on Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a report on Tuesday, June 4th. Citigroup cut their price target on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, April 11th. Sanford C. Bernstein cut their price target on Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Finally, Stifel Nicolaus cut their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, July 23rd. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.06.

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.