Montecito Bank & Trust Takes Position in Mondelez International, Inc. $MDLZ

Montecito Bank & Trust acquired a new position in Mondelez International, Inc. (NASDAQ:MDLZ) during the third quarter, Holdings Channel reports. The firm acquired 10,064 shares of the company’s stock, valued at approximately $629,000.

Several other large investors also recently added to or reduced their stakes in the business. Norges Bank bought a new position in Mondelez International in the 2nd quarter worth about $1,239,834,000. Price T Rowe Associates Inc. MD boosted its position in shares of Mondelez International by 90.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock valued at $1,968,811,000 after acquiring an additional 13,755,181 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Mondelez International by 197.9% during the second quarter. First Trust Advisors LP now owns 4,066,155 shares of the company’s stock worth $274,221,000 after purchasing an additional 2,701,229 shares in the last quarter. Corient Private Wealth LLC grew its holdings in shares of Mondelez International by 88.1% during the second quarter. Corient Private Wealth LLC now owns 4,312,887 shares of the company’s stock worth $290,862,000 after purchasing an additional 2,020,135 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Mondelez International by 10.7% in the second quarter. Invesco Ltd. now owns 13,892,264 shares of the company’s stock worth $936,894,000 after purchasing an additional 1,345,078 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Up 1.8%

Shares of MDLZ stock opened at $54.78 on Friday. The business has a 50-day moving average of $57.42 and a 200 day moving average of $62.33. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.37. Mondelez International, Inc. has a 1-year low of $53.13 and a 1-year high of $71.15. The stock has a market capitalization of $70.69 billion, a PE ratio of 20.52 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The firm had revenue of $7.30 billion during the quarter. As a group, sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Wednesday, December 31st. Mondelez International’s dividend payout ratio is 74.91%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of Mondelez International from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Barclays lowered their price objective on shares of Mondelez International from $71.00 to $67.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. UBS Group cut their target price on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. Wells Fargo & Company reduced their target price on Mondelez International from $74.00 to $72.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. Finally, Berenberg Bank lowered Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target for the company. in a research note on Thursday, October 2nd. Fourteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $67.95.

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.