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

Greenleaf Trust increased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 310,107 shares of the company’s stock after buying an additional 3,976 shares during the period. Greenleaf Trust’s holdings in Mondelez International were worth $22,461,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC lifted its position in shares of Mondelez International by 116,165.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 23,389,107 shares of the company’s stock worth $1,558,884,000 after buying an additional 23,368,990 shares in the last quarter. Morgan Stanley raised its position in Mondelez International by 25.8% during the fourth quarter. Morgan Stanley now owns 22,750,267 shares of the company’s stock valued at $1,516,305,000 after purchasing an additional 4,663,166 shares during the period. Northern Trust Corp raised its position in Mondelez International by 1.8% during the third quarter. Northern Trust Corp now owns 17,099,636 shares of the company’s stock valued at $1,186,715,000 after purchasing an additional 303,965 shares during the period. Norges Bank purchased a new stake in Mondelez International during the fourth quarter valued at approximately $981,319,000. Finally, Bank of New York Mellon Corp raised its position in Mondelez International by 0.6% during the third quarter. Bank of New York Mellon Corp now owns 11,872,797 shares of the company’s stock valued at $823,972,000 after purchasing an additional 65,976 shares during the period. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Trading Up 1.4 %

NASDAQ:MDLZ traded up $0.94 during midday trading on Friday, hitting $68.11. The stock had a trading volume of 11,016,995 shares, compared to its average volume of 7,630,542. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $91.71 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 2.31 and a beta of 0.56. The stock has a 50-day moving average of $70.71 and a 200 day moving average of $70.45. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $78.59.

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

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders 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 annualized dividend and a yield of 2.50%. Mondelez International’s dividend payout ratio (DPR) is presently 46.83%.

Analyst Upgrades and Downgrades

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

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.