Glenview Trust Co Acquires 2,092 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Glenview Trust Co increased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ – Get Rating) by 3.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 60,257 shares of the company’s stock after buying an additional 2,092 shares during the period. Glenview Trust Co’s holdings in Mondelez International were worth $3,304,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. First Personal Financial Services increased its position in Mondelez International by 124.1% in the third quarter. First Personal Financial Services now owns 484 shares of the company’s stock worth $27,000 after purchasing an additional 268 shares during the last quarter. Orion Capital Management LLC bought a new stake in Mondelez International in the second quarter worth $31,000. Larson Financial Group LLC increased its position in Mondelez International by 332.2% during the second quarter. Larson Financial Group LLC now owns 523 shares of the company’s stock valued at $32,000 after acquiring an additional 402 shares during the last quarter. Selective Wealth Management Inc. increased its position in Mondelez International by 178.5% during the second quarter. Selective Wealth Management Inc. now owns 557 shares of the company’s stock valued at $35,000 after acquiring an additional 357 shares during the last quarter. Finally, Better Money Decisions LLC bought a new position in Mondelez International during the second quarter valued at $38,000. Institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

MDLZ has been the topic of a number of analyst reports. Mizuho boosted their price objective on shares of Mondelez International from $75.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, January 6th. BNP Paribas initiated coverage on shares of Mondelez International in a research report on Tuesday, November 15th. They set a “neutral” rating and a $68.00 price objective on the stock. Morgan Stanley boosted their price objective on shares of Mondelez International from $69.00 to $75.00 and gave the company an “overweight” rating in a research report on Tuesday, December 20th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Mondelez International from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, December 6th. Finally, Credit Suisse Group cut their price objective on shares of Mondelez International from $70.00 to $67.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 18th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and a consensus target price of $72.18.

Insider Buying and Selling

In related news, EVP Maurizio Brusadelli sold 22,388 shares of the company’s stock in a transaction dated Monday, December 5th. The shares were sold at an average price of $67.55, for a total value of $1,512,309.40. Following the completion of the sale, the executive vice president now directly owns 179,588 shares of the company’s stock, valued at $12,131,169.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.32% of the stock is owned by insiders.

Mondelez International Stock Up 0.7 %

NASDAQ:MDLZ opened at $64.84 on Wednesday. Mondelez International, Inc. has a 1-year low of $54.72 and a 1-year high of $68.81. The company has a 50-day moving average of $66.56 and a 200 day moving average of $63.14. The firm has a market cap of $88.55 billion, a PE ratio of 28.82, a price-to-earnings-growth ratio of 3.06 and a beta of 0.67. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.69 and a quick ratio of 0.46.

Mondelez International (NASDAQ:MDLZ – Get Rating) last released its quarterly earnings data on Tuesday, November 1st. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.06. Mondelez International had a net margin of 10.30% and a return on equity of 14.85%. The company had revenue of $7.76 billion during the quarter, compared to analyst estimates of $7.48 billion. As a group, research analysts anticipate that Mondelez International, Inc. will post 2.94 EPS for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Friday, December 30th were paid a $0.385 dividend. This represents a $1.54 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend was Thursday, December 29th. Mondelez International’s dividend payout ratio (DPR) is presently 68.44%.

Mondelez International Profile

(Get Rating)

Mondelez International, Inc engages in the manufacture and marketing of snack food and beverage products. It operates through the following geographical segments: Latin America, Asia, Middle East, and Africa, Europe, and North America. Its products include beverages, biscuits, chocolate, gum & candy, cheese & grocery, and meals.