Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,222 shares of the company’s stock after selling 298 shares during the period. CHICAGO TRUST Co NA’s holdings in Mondelez International were worth $965,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Marshall Investment Management LLC acquired a new stake in Mondelez International during the fourth quarter worth about $26,000. Orion Capital Management LLC acquired a new stake in Mondelez International during the fourth quarter worth about $30,000. Transce3nd LLC acquired a new stake in Mondelez International during the fourth quarter worth about $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in Mondelez International during the fourth quarter worth about $31,000. Finally, Sierra Ocean LLC purchased a new position in Mondelez International during the fourth quarter worth about $32,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Down 0.3%

Shares of Mondelez International stock opened at $66.15 on Monday. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The company has a 50 day moving average of $66.43 and a 200 day moving average of $63.38. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $85.65 billion, a P/E ratio of 19.34, a P/E/G ratio of 4.34 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.07. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The company had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.37 billion. During the same quarter in the previous year, the firm earned $0.93 earnings per share. The firm’s quarterly revenue was up .2% on a year-over-year basis. As a group, research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.47 per share. The ex-dividend date is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.84%. Mondelez International’s payout ratio is currently 69.89%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Barclays increased their target price on shares of Mondelez International from $71.00 to $74.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Wells Fargo & Company increased their target price on shares of Mondelez International from $64.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 2nd. JPMorgan Chase & Co. increased their target price on shares of Mondelez International from $64.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, April 11th. Morgan Stanley raised their price objective on shares of Mondelez International from $69.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, April 30th. Finally, Evercore ISI raised their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $70.11.

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.