Heartland Bank & Trust Co Cuts Position in Mondelez International, Inc. $MDLZ

Heartland Bank & Trust Co cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,323 shares of the company’s stock after selling 176 shares during the quarter. Heartland Bank & Trust Co’s holdings in Mondelez International were worth $629,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Abound Financial LLC purchased a new position in shares of Mondelez International in the 1st quarter valued at $25,000. Goodman Advisory Group LLC purchased a new position in shares of Mondelez International in the 1st quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Mondelez International by 376.1% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company’s stock valued at $30,000 after acquiring an additional 346 shares during the period. North Capital Inc. purchased a new position in Mondelez International during the 1st quarter worth $31,000. Finally, Financial Connections Group Inc. purchased a new position in Mondelez International during the 2nd quarter worth $33,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Mondelez International in a research note on Saturday, September 27th. Evercore ISI dropped their target price on Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. Jefferies Financial Group upgraded Mondelez International from a “hold” rating to a “buy” rating and boosted their target price for the stock from $66.00 to $78.00 in a research note on Thursday, July 17th. Morgan Stanley dropped their target price on Mondelez International from $73.00 to $71.00 and set an “overweight” rating on the stock in a research note on Monday, October 6th. Finally, Sanford C. Bernstein boosted their target price on Mondelez International from $79.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.55.

Mondelez International Stock Performance

Shares of MDLZ opened at $61.17 on Tuesday. The stock has a 50-day moving average of $62.24 and a two-hundred day moving average of $65.39. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $72.70. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. The stock has a market cap of $79.15 billion, a P/E ratio of 22.41, a P/E/G ratio of 4.65 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The company had revenue of $7.30 billion during the quarter. As a group, research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be issued a $0.50 dividend. This is a boost from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. Mondelez International’s payout ratio is presently 73.26%.

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.