Mitsubishi UFJ Trust & Banking Corp Sells 24,628 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Mitsubishi UFJ Trust & Banking Corp reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZFree Report) by 2.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 849,122 shares of the company’s stock after selling 24,628 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.06% of Mondelez International worth $58,929,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Asio Capital LLC grew its stake in shares of Mondelez International by 3.7% in the second quarter. Asio Capital LLC now owns 3,894 shares of the company’s stock worth $284,000 after acquiring an additional 139 shares during the last quarter. Hancock Whitney Corp lifted its holdings in shares of Mondelez International by 2.6% during the first quarter. Hancock Whitney Corp now owns 5,553 shares of the company’s stock valued at $388,000 after purchasing an additional 143 shares in the last quarter. Jackson Grant Investment Advisers Inc. lifted its holdings in shares of Mondelez International by 5.4% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 2,821 shares of the company’s stock valued at $206,000 after purchasing an additional 145 shares in the last quarter. Oak Hill Wealth Advisors LLC lifted its holdings in shares of Mondelez International by 5.0% during the third quarter. Oak Hill Wealth Advisors LLC now owns 3,130 shares of the company’s stock valued at $217,000 after purchasing an additional 149 shares in the last quarter. Finally, Tortoise Investment Management LLC lifted its holdings in shares of Mondelez International by 6.6% during the second quarter. Tortoise Investment Management LLC now owns 2,426 shares of the company’s stock valued at $177,000 after purchasing an additional 150 shares in the last quarter. 76.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. DA Davidson assumed coverage on Mondelez International in a report on Friday, December 8th. They set a “buy” rating and a $83.00 price target on the stock. JPMorgan Chase & Co. lowered their target price on Mondelez International from $84.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday, November 29th. Bank of America lowered their target price on Mondelez International from $82.00 to $78.00 and set a “buy” rating on the stock in a report on Tuesday, October 17th. Stifel Nicolaus increased their target price on Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Finally, Barclays increased their target price on Mondelez International from $79.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, January 16th. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $81.37.

Read Our Latest Stock Report on MDLZ

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $73.17 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 0.60. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $78.59. The stock has a 50-day moving average price of $72.99 and a 200 day moving average price of $70.85. The stock has a market capitalization of $99.58 billion, a P/E ratio of 20.16, a P/E/G ratio of 2.55 and a beta of 0.58.

Mondelez International (NASDAQ:MDLZGet Free Report) last released its earnings results on Tuesday, January 30th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.06. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. The firm had revenue of $9.31 billion during the quarter, compared to analysts’ expectations of $9.31 billion. During the same quarter last year, the business posted $0.73 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. Equities research analysts forecast that Mondelez International, Inc. will post 3.51 EPS for the current fiscal year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Wednesday, March 27th. Mondelez International’s dividend payout ratio is presently 46.83%.

Mondelez International 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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