Davidson Trust Co. Sells 240 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Davidson Trust Co. trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,242 shares of the company’s stock after selling 240 shares during the period. Davidson Trust Co.’s holdings in Mondelez International were worth $307,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of MDLZ. Moneta Group Investment Advisors LLC lifted its holdings in shares of Mondelez International by 116,165.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 23,389,107 shares of the company’s stock worth $1,558,884,000 after purchasing an additional 23,368,990 shares in the last quarter. Norges Bank bought a new position in shares of Mondelez International in the 4th quarter worth $981,319,000. Morgan Stanley lifted its holdings in shares of Mondelez International by 25.8% in the 4th quarter. Morgan Stanley now owns 22,750,267 shares of the company’s stock worth $1,516,305,000 after purchasing an additional 4,663,166 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Mondelez International by 759.1% in the 1st quarter. Renaissance Technologies LLC now owns 3,035,298 shares of the company’s stock worth $190,556,000 after purchasing an additional 2,682,000 shares in the last quarter. Finally, Man Group plc lifted its holdings in shares of Mondelez International by 122.6% in the 4th quarter. Man Group plc now owns 3,468,865 shares of the company’s stock worth $231,200,000 after purchasing an additional 1,910,553 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Mondelez International Price Performance

NASDAQ MDLZ traded up $0.29 during trading hours on Friday, hitting $67.46. The company had a trading volume of 3,170,149 shares, compared to its average volume of 7,525,760. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $78.59. The firm has a 50 day simple moving average of $70.71 and a 200 day simple moving average of $70.45. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.43 and a current ratio of 0.62. The firm has a market capitalization of $90.83 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 2.31 and a beta of 0.56.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, January 30th. The company reported $0.84 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 business had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.31 billion. During the same quarter last year, the company earned $0.73 EPS. The firm’s revenue was up 7.1% compared to the same quarter last year. Equities research analysts expect that Mondelez International, Inc. will post 3.52 earnings per share for the current year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were given a dividend of $0.425 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.52%. Mondelez International’s dividend payout ratio (DPR) is presently 46.83%.

Mondelez International Company Profile

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.