Greenleaf Trust Boosts Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Greenleaf Trust boosted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 310,107 shares of the company’s stock after purchasing an additional 3,976 shares during the period. Greenleaf Trust’s holdings in Mondelez International were worth $22,461,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of MDLZ. Fairfield Bush & CO. bought a new stake in Mondelez International during the 1st quarter valued at $100,000. United Bank raised its holdings in Mondelez International by 4.6% during the 1st quarter. United Bank now owns 27,006 shares of the company’s stock valued at $1,695,000 after acquiring an additional 1,189 shares during the period. Cetera Investment Advisers raised its holdings in Mondelez International by 4.0% during the 1st quarter. Cetera Investment Advisers now owns 28,390 shares of the company’s stock valued at $1,782,000 after acquiring an additional 1,085 shares during the period. Dakota Wealth Management bought a new stake in Mondelez International during the 1st quarter valued at $561,000. Finally, Covestor Ltd raised its holdings in Mondelez International by 69.0% during the 1st quarter. Covestor Ltd now owns 1,269 shares of the company’s stock valued at $80,000 after acquiring an additional 518 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

MDLZ has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, January 18th. JPMorgan Chase & Co. decreased their price target on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. StockNews.com cut shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Citigroup decreased their price target on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. Finally, Stifel Nicolaus upped their price target on shares of Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $80.89.

Mondelez International Trading Up 1.4 %

NASDAQ MDLZ traded up $0.94 during trading on Friday, hitting $68.11. 11,016,995 shares of the company’s stock traded hands, compared to its average volume of 7,630,542. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.62 and a quick ratio of 0.43. The stock has a fifty day moving average of $70.71 and a two-hundred day moving average of $70.45. The firm has a market cap of $91.71 billion, a P/E ratio of 18.57, a PEG ratio of 2.31 and a beta of 0.56. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $78.59.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, January 30th. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The company had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.31 billion. Mondelez International had a net margin of 13.77% and a return on equity of 15.91%. Mondelez International’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.73 earnings per share. As a group, sell-side analysts expect that Mondelez International, Inc. will post 3.52 EPS for the current year.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.425 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.50%. Mondelez International’s dividend payout ratio is currently 46.83%.

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.