Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Missouri Trust & Investment Co

Missouri Trust & Investment Co decreased its holdings in Mondelez International, Inc. (NASDAQ:MDLZFree Report) by 6.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,181 shares of the company’s stock after selling 266 shares during the quarter. Missouri Trust & Investment Co’s holdings in Mondelez International were worth $250,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. State Street Corp grew its stake in shares of Mondelez International by 3.2% during the 3rd quarter. State Street Corp now owns 60,151,987 shares of the company’s stock worth $4,459,239,000 after purchasing an additional 1,851,247 shares during the period. Geode Capital Management LLC grew its position in Mondelez International by 1.2% during the third quarter. Geode Capital Management LLC now owns 28,204,955 shares of the company’s stock worth $2,069,906,000 after buying an additional 341,203 shares during the period. FMR LLC increased its holdings in Mondelez International by 14.2% in the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock valued at $1,344,894,000 after buying an additional 2,268,639 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Mondelez International by 2.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 17,215,182 shares of the company’s stock valued at $1,268,242,000 after acquiring an additional 489,068 shares during the period. Finally, Mizuho Securities USA LLC boosted its stake in shares of Mondelez International by 12,057.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock worth $926,327,000 after acquiring an additional 12,470,573 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

MDLZ has been the subject of several research analyst reports. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $61.00 price objective (down from $74.00) on shares of Mondelez International in a research note on Tuesday, January 7th. UBS Group cut their price target on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Evercore ISI increased their price objective on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research report on Wednesday. Finally, Citigroup lowered their price target on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.81.

Check Out Our Latest Report on Mondelez International

Mondelez International Stock Performance

Shares of MDLZ stock opened at $57.60 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The firm has a market capitalization of $77.02 billion, a price-to-earnings ratio of 20.43, a price-to-earnings-growth ratio of 3.12 and a beta of 0.54. Mondelez International, Inc. has a one year low of $55.97 and a one year high of $77.20. The company has a 50 day moving average price of $61.43 and a 200 day moving average price of $67.20.

Mondelez International (NASDAQ:MDLZGet Free Report) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. During the same period in the prior year, the firm posted $0.82 EPS. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. Sell-side analysts anticipate that Mondelez International, Inc. will post 3.47 EPS for the current year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.26%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s dividend payout ratio is currently 66.67%.

Mondelez International declared that its board has approved a stock buyback plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Mondelez International Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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