Greenfield Savings Bank Sells 470 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Greenfield Savings Bank decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,017 shares of the company’s stock after selling 470 shares during the period. Greenfield Savings Bank’s holdings in Mondelez International were worth $1,222,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Marshall Investment Management LLC bought a new position in shares of Mondelez International during the fourth quarter valued at about $26,000. Hager Investment Management Services LLC bought a new stake in Mondelez International in the fourth quarter valued at approximately $27,000. Transce3nd LLC purchased a new stake in shares of Mondelez International during the fourth quarter worth about $30,000. Orion Capital Management LLC bought a new position in Mondelez International during the 4th quarter valued at approximately $30,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Mondelez International in the 4th quarter worth approximately $31,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of MDLZ opened at $67.04 on Wednesday. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The company has a market capitalization of $86.80 billion, a P/E ratio of 19.60, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The firm has a 50 day moving average of $66.51 and a 200 day moving average of $63.34. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

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

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International’s dividend payout ratio (DPR) is 69.89%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on MDLZ shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $69.00 target price on shares of Mondelez International in a research report on Monday, April 28th. Barclays increased their target price on Mondelez International from $71.00 to $74.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Mizuho increased their price objective on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. DZ Bank cut shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 target price on the stock. in a report on Friday, February 7th. Finally, The Goldman Sachs Group reduced their target price on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $70.55.

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.