Mitsubishi UFJ Trust & Banking Corp Has $58.23 Million Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Mitsubishi UFJ Trust & Banking Corp cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 831,867 shares of the company’s stock after selling 40,597 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.06% of Mondelez International worth $58,229,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MDLZ. Bogart Wealth LLC boosted its holdings in Mondelez International by 63.9% in the fourth quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock valued at $26,000 after acquiring an additional 140 shares during the last quarter. Ables Iannone Moore & Associates Inc. bought a new stake in shares of Mondelez International in the 4th quarter valued at $26,000. HHM Wealth Advisors LLC acquired a new stake in shares of Mondelez International during the fourth quarter worth $29,000. Transcendent Capital Group LLC acquired a new position in Mondelez International in the fourth quarter valued at $34,000. Finally, Vermillion & White Wealth Management Group LLC bought a new stake in Mondelez International during the fourth quarter valued at $36,000. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on MDLZ. Deutsche Bank Aktiengesellschaft lowered their price objective on Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday. Sanford C. Bernstein cut their price target on Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday. Evercore ISI lowered their price objective on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a research note on Tuesday, June 4th. Wells Fargo & Company cut their target price on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 4th. Finally, Bank of America decreased their price target on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. One investment analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and an average target price of $79.72.

Mondelez International Stock Down 0.7 %

NASDAQ MDLZ traded down $0.47 on Friday, reaching $66.45. The company had a trading volume of 5,012,578 shares, compared to its average volume of 7,030,763. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. The company’s fifty day moving average is $67.47 and its 200 day moving average is $70.21. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $77.20. The stock has a market capitalization of $89.13 billion, a P/E ratio of 21.10, a P/E/G ratio of 2.75 and a beta of 0.53.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.89 by $0.06. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The company had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.16 billion. During the same quarter in the prior year, the company posted $0.89 earnings per share. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. Sell-side analysts anticipate that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were given a dividend of $0.425 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.70 annualized dividend and a dividend yield of 2.56%. Mondelez International’s dividend payout ratio is currently 53.97%.

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.