Family Capital Trust Co Sells 2,410 Shares of Mondelez International, Inc. $MDLZ

Family Capital Trust Co lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 106,608 shares of the company’s stock after selling 2,410 shares during the quarter. Mondelez International comprises approximately 2.5% of Family Capital Trust Co’s holdings, making the stock its 12th largest position. Family Capital Trust Co’s holdings in Mondelez International were worth $7,190,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Abound Financial LLC bought a new stake in shares of Mondelez International during the 1st quarter worth about $25,000. Goodman Advisory Group LLC bought a new stake in shares of Mondelez International during the 1st quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Mondelez International by 376.1% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company’s stock worth $30,000 after acquiring an additional 346 shares in the last quarter. North Capital Inc. acquired a new position in shares of Mondelez International during the 1st quarter worth about $31,000. Finally, Financial Connections Group Inc. acquired a new position in shares of Mondelez International during the 2nd quarter worth about $33,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Up 1.4%

Mondelez International stock opened at $62.46 on Monday. The business has a 50 day moving average price of $62.22 and a two-hundred day moving average price of $65.24. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. The stock has a market cap of $80.82 billion, a price-to-earnings ratio of 22.88, a price-to-earnings-growth ratio of 5.58 and a beta of 0.45. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $71.82.

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

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th were issued a $0.50 dividend. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.00 annualized dividend and a yield of 3.2%. Mondelez International’s payout ratio is currently 73.26%.

Analyst Ratings Changes

MDLZ has been the subject of several research analyst reports. Morgan Stanley cut their price objective on Mondelez International from $73.00 to $71.00 and set an “overweight” rating for the company in a research report on Monday, October 6th. Barclays boosted their price objective on Mondelez International from $74.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Stifel Nicolaus boosted their price objective on Mondelez International from $73.00 to $76.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Mondelez International in a research report on Tuesday, October 14th. Finally, UBS Group cut their price objective on Mondelez International from $69.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $70.84.

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.