Grove Bank & Trust Trims Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Grove Bank & Trust lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,742 shares of the company’s stock after selling 162 shares during the period. Grove Bank & Trust’s holdings in Mondelez International were worth $718,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. GSA Capital Partners LLP purchased a new position in Mondelez International during the first quarter worth about $1,686,000. Alaska Permanent Fund Corp raised its stake in shares of Mondelez International by 76.4% in the 1st quarter. Alaska Permanent Fund Corp now owns 63,202 shares of the company’s stock valued at $4,424,000 after acquiring an additional 27,370 shares during the period. Duality Advisers LP purchased a new position in shares of Mondelez International in the 1st quarter valued at $4,528,000. CWM LLC raised its stake in shares of Mondelez International by 15.4% in the 1st quarter. CWM LLC now owns 86,616 shares of the company’s stock valued at $6,063,000 after acquiring an additional 11,574 shares during the period. Finally, BDF Gestion purchased a new stake in Mondelez International during the 2nd quarter worth $6,690,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Performance

MDLZ traded down $0.35 during trading hours on Monday, hitting $70.31. The stock had a trading volume of 1,819,301 shares, compared to its average volume of 6,802,093. Mondelez International, Inc. has a 1 year low of $61.83 and a 1 year high of $77.20. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The stock has a market cap of $94.31 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 2.87 and a beta of 0.54. The company’s fifty day simple moving average is $72.33 and its 200 day simple moving average is $69.55.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.07. The company had revenue of $8.34 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the firm earned $0.76 earnings per share. Equities analysts anticipate that Mondelez International, Inc. will post 3.5 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 issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.67%. 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 currently 59.68%.

Analyst Ratings Changes

MDLZ has been the subject of several research reports. DA Davidson decreased their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. JPMorgan Chase & Co. upped their price target on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. 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, July 17th. Barclays cut their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. Finally, The Goldman Sachs Group started coverage on shares of Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 price objective on the stock. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $78.41.

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.