Mondelez International, Inc. $MDLZ Shares Sold by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 72.0% during the second quarter, Holdings Channel.com reports. The institutional investor owned 18,032 shares of the company’s stock after selling 46,307 shares during the period. First Citizens Bank & Trust Co.’s holdings in Mondelez International were worth $1,216,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Abound Financial LLC acquired a new stake in Mondelez International during the 1st quarter valued at $25,000. Goodman Advisory Group LLC acquired a new stake in Mondelez International during the 1st quarter valued at $26,000. North Capital Inc. acquired a new stake in Mondelez International during the 1st quarter valued at $31,000. Financial Connections Group Inc. acquired a new stake in Mondelez International during the 2nd quarter valued at $33,000. Finally, Saudi Central Bank acquired a new stake in Mondelez International during the 1st quarter valued at $36,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Trading Down 0.4%

Shares of Mondelez International stock opened at $60.77 on Friday. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $71.15. The firm has a market cap of $78.63 billion, a PE ratio of 22.26, a P/E/G ratio of 5.46 and a beta of 0.45. The business’s fifty day moving average is $62.22 and its two-hundred day moving average is $65.11. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69.

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

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th were given a $0.50 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. Mondelez International’s dividend payout ratio is 73.26%.

Analysts Set New Price Targets

A number of equities research analysts have commented on MDLZ shares. Wells Fargo & Company lowered their target price on Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Dbs Bank upgraded Mondelez International from a “hold” rating to a “moderate buy” rating in a report on Friday, August 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Mondelez International in a research note on Tuesday, October 14th. JPMorgan Chase & Co. reduced their price target on Mondelez International from $75.00 to $74.00 and set an “overweight” rating on the stock in a research note on Friday, October 17th. Finally, Stifel Nicolaus increased their price target on Mondelez International from $73.00 to $76.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Twelve investment 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. According to MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.22.

Mondelez International Company 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.