Fulton Bank N.A. Has $334,000 Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Fulton Bank N.A. grew its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 12.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,100 shares of the company’s stock after purchasing an additional 545 shares during the quarter. Fulton Bank N.A.’s holdings in Mondelez International were worth $334,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in MDLZ. Lynx Investment Advisory acquired a new position in shares of Mondelez International during the second quarter worth approximately $27,000. Monterey Private Wealth Inc. boosted its holdings in Mondelez International by 9.5% in the 2nd quarter. Monterey Private Wealth Inc. now owns 4,102 shares of the company’s stock valued at $268,000 after purchasing an additional 355 shares during the period. Mather Group LLC. grew its position in Mondelez International by 7.5% in the 2nd quarter. Mather Group LLC. now owns 18,868 shares of the company’s stock worth $1,321,000 after purchasing an additional 1,309 shares during the last quarter. Trust Co. of Toledo NA OH increased its holdings in shares of Mondelez International by 79.1% during the 2nd quarter. Trust Co. of Toledo NA OH now owns 36,903 shares of the company’s stock worth $2,415,000 after purchasing an additional 16,302 shares during the period. Finally, Douglas Lane & Associates LLC raised its position in shares of Mondelez International by 7.8% during the second quarter. Douglas Lane & Associates LLC now owns 14,040 shares of the company’s stock valued at $919,000 after buying an additional 1,012 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on MDLZ shares. Barclays lowered their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, July 19th. DA Davidson dropped their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. JPMorgan Chase & Co. lifted their target price on shares of Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Wells Fargo & Company dropped their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Tuesday, June 4th. Finally, Evercore ISI lowered their price objective on Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 4th. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.06.

Mondelez International Trading Down 0.8 %

MDLZ stock traded down $0.55 during trading on Tuesday, hitting $68.46. The company had a trading volume of 7,452,087 shares, compared to its average volume of 7,282,342. The stock has a market cap of $91.83 billion, a price-to-earnings ratio of 21.73, a PEG ratio of 2.76 and a beta of 0.53. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average price of $66.82 and a 200-day moving average price of $69.75. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.07. The business had revenue of $8.34 billion for 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 firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.76 earnings per share. As a group, analysts predict that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be given a dividend of $0.47 per share. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date is Monday, September 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.75%. Mondelez International’s payout ratio is currently 59.68%.

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.