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

Greenleaf Trust raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 313,849 shares of the company’s stock after purchasing an additional 2,377 shares during the period. Greenleaf Trust’s holdings in Mondelez International were worth $23,121,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of MDLZ. Vanguard Group Inc. raised its stake in Mondelez International by 5.4% in the first quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock valued at $9,153,609,000 after purchasing an additional 6,696,897 shares in the last quarter. Capital Research Global Investors increased its stake in Mondelez International by 7.3% in the first quarter. Capital Research Global Investors now owns 32,497,024 shares of the company’s stock valued at $2,274,792,000 after acquiring an additional 2,206,023 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Mondelez International by 40.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock valued at $1,094,557,000 after purchasing an additional 4,794,746 shares in the last quarter. Legal & General Group Plc lifted its stake in Mondelez International by 2.6% during the second quarter. Legal & General Group Plc now owns 11,452,735 shares of the company’s stock worth $749,467,000 after purchasing an additional 293,773 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Mondelez International by 13.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,970,204 shares of the company’s stock worth $587,094,000 after purchasing an additional 1,071,719 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $70.79 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68. The company has a 50 day simple moving average of $72.57 and a two-hundred day simple moving average of $69.66. Mondelez International, Inc. has a fifty-two week low of $64.16 and a fifty-two week high of $77.20. The company has a market capitalization of $94.95 billion, a price-to-earnings ratio of 22.65, a P/E/G ratio of 2.87 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The business had revenue of $8.34 billion during the quarter, compared to analysts’ expectations of $8.45 billion. During the same quarter in the previous year, the business earned $0.76 earnings per share. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. Analysts expect that Mondelez International, Inc. will post 3.5 EPS for the current fiscal year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 14th. Investors of record on Monday, September 30th were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.66%. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date was Monday, September 30th. Mondelez International’s dividend payout ratio is 59.68%.

Analyst Upgrades and Downgrades

MDLZ has been the topic of a number of recent research reports. Stifel Nicolaus reduced their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, July 23rd. The Goldman Sachs Group began coverage on Mondelez International in a research note on Monday, August 12th. They set a “buy” rating and a $80.00 price objective for the company. Bank of America lifted their target price on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Finally, Citigroup increased their price objective on Mondelez International from $79.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and a consensus target price of $78.94.

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.