TIAA Trust National Association Decreases Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

TIAA Trust National Association lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.3% in the 1st quarter, HoldingsChannel reports. The fund owned 232,508 shares of the company’s stock after selling 719 shares during the period. TIAA Trust National Association’s holdings in Mondelez International were worth $16,276,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. Murphy Middleton Hinkle & Parker Inc. boosted its position in shares of Mondelez International by 3.9% during the fourth quarter. Murphy Middleton Hinkle & Parker Inc. now owns 3,651 shares of the company’s stock valued at $264,000 after purchasing an additional 136 shares in the last quarter. Cobblestone Asset Management LLC boosted its holdings in Mondelez International by 2.8% in the fourth quarter. Cobblestone Asset Management LLC now owns 4,982 shares of the company’s stock worth $361,000 after acquiring an additional 138 shares in the last quarter. Graypoint LLC boosted its holdings in Mondelez International by 1.1% in the fourth quarter. Graypoint LLC now owns 12,281 shares of the company’s stock worth $890,000 after acquiring an additional 138 shares in the last quarter. Guyasuta Investment Advisors Inc. boosted its holdings in Mondelez International by 0.8% in the fourth quarter. Guyasuta Investment Advisors Inc. now owns 16,461 shares of the company’s stock worth $1,192,000 after acquiring an additional 138 shares in the last quarter. Finally, Rossmore Private Capital boosted its holdings in Mondelez International by 0.3% in the fourth quarter. Rossmore Private Capital now owns 50,047 shares of the company’s stock worth $3,625,000 after acquiring an additional 139 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on MDLZ. Citigroup dropped their target price on Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. Barclays dropped their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday. JPMorgan Chase & Co. reduced their price objective on Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Bank of America reduced their price objective on Mondelez International from $82.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Finally, TD Cowen reduced their price target on Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a research report on Thursday, June 6th. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $79.72.

Mondelez International Price Performance

Mondelez International stock traded down $0.47 during midday trading on Friday, reaching $66.45. 5,012,578 shares of the stock traded hands, compared to its average volume of 7,030,763. The stock’s fifty day moving average is $67.47 and its 200-day moving average is $70.21. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $77.20. The stock has a market cap of $89.13 billion, a P/E ratio of 21.10, a PEG ratio of 2.75 and a beta of 0.53. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59.

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

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were paid a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 2.56%. The ex-dividend date was Friday, June 28th. Mondelez International’s payout ratio is 53.97%.

Mondelez International 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.