Mondelez International, Inc. $MDLZ Shares Sold by Community Bank N.A.

Community Bank N.A. reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 15.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 5,400 shares of the company’s stock after selling 1,000 shares during the quarter. Community Bank N.A.’s holdings in Mondelez International were worth $364,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Abound Financial LLC purchased a new stake in shares of Mondelez International during the 1st quarter valued at about $25,000. Goodman Advisory Group LLC purchased a new stake in shares of Mondelez International during the 1st quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Mondelez International by 376.1% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company’s stock valued at $30,000 after buying an additional 346 shares during the period. North Capital Inc. purchased a new stake in shares of Mondelez International during the 1st quarter valued at about $31,000. Finally, Financial Connections Group Inc. purchased a new stake in shares of Mondelez International during the 2nd quarter valued at about $33,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $62.13 on Wednesday. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $72.70. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $80.39 billion, a price-to-earnings ratio of 22.76, a price-to-earnings-growth ratio of 4.63 and a beta of 0.45. The business has a 50 day simple moving average of $62.23 and a 200-day simple moving average of $65.37.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The business had revenue of $7.30 billion during the quarter. As a group, equities research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th were issued a $0.50 dividend. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date was Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. Mondelez International’s dividend payout ratio (DPR) is presently 73.26%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MDLZ. Weiss Ratings reiterated a “hold (c)” rating on shares of Mondelez International in a report on Tuesday. Evercore ISI dropped their price objective on Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. Morgan Stanley dropped their price objective on Mondelez International from $73.00 to $71.00 and set an “overweight” rating on the stock in a report on Monday, October 6th. Wells Fargo & Company dropped their price objective on Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Finally, Stifel Nicolaus lifted their price objective on Mondelez International from $73.00 to $76.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Thirteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and an average price target of $70.89.

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.