Mondelez International, Inc. (NASDAQ:MDLZ) Shares Bought by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. boosted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.2% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 323,430 shares of the company’s stock after purchasing an additional 6,850 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Mondelez International were worth $21,945,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Glass Jacobson Investment Advisors llc grew its position in Mondelez International by 6.7% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 2,681 shares of the company’s stock worth $160,000 after purchasing an additional 168 shares during the period. First Horizon Advisors Inc. grew its position in shares of Mondelez International by 1.8% during the 4th quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company’s stock valued at $627,000 after acquiring an additional 181 shares during the period. 44 Wealth Management LLC grew its position in shares of Mondelez International by 2.6% during the 4th quarter. 44 Wealth Management LLC now owns 7,645 shares of the company’s stock valued at $457,000 after acquiring an additional 191 shares during the period. Baker Avenue Asset Management LP grew its position in shares of Mondelez International by 4.2% during the 4th quarter. Baker Avenue Asset Management LP now owns 4,763 shares of the company’s stock valued at $284,000 after acquiring an additional 193 shares during the period. Finally, Manchester Capital Management LLC grew its position in shares of Mondelez International by 2.5% during the 4th quarter. Manchester Capital Management LLC now owns 8,035 shares of the company’s stock valued at $480,000 after acquiring an additional 195 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on MDLZ shares. Morgan Stanley raised their target price on Mondelez International from $69.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, April 30th. Piper Sandler raised their target price on Mondelez International from $59.00 to $64.00 and gave the company a “neutral” rating in a research report on Wednesday, April 9th. Barclays raised their price target on shares of Mondelez International from $71.00 to $74.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Evercore ISI raised their price target on shares of Mondelez International from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, April 23rd. Finally, Stifel Nicolaus raised their price target on shares of Mondelez International from $70.00 to $73.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and a consensus target price of $70.11.

Mondelez International Trading Down 1.7%

Shares of Mondelez International stock opened at $66.93 on Friday. The stock has a market cap of $86.66 billion, a P/E ratio of 19.57, a P/E/G ratio of 4.34 and a beta of 0.48. The stock’s 50 day simple moving average is $66.56 and its 200-day simple moving average is $63.49. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.07. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The firm had revenue of $9.31 billion for the quarter, compared to analysts’ expectations of $9.37 billion. During the same period in the prior year, the firm posted $0.93 earnings per share. The firm’s quarterly revenue was up .2% on a year-over-year basis. Analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date is Monday, June 30th. Mondelez International’s dividend payout ratio is presently 69.89%.

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.