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

Stock Yards Bank & Trust Co. trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 362,466 shares of the company’s stock after selling 5,368 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Mondelez International were worth $23,720,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MDLZ. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Mondelez International in the fourth quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Mondelez International during the 2nd quarter valued at about $26,000. Lynx Investment Advisory acquired a new position in shares of Mondelez International in the 2nd quarter worth approximately $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Mondelez International in the 2nd quarter worth approximately $29,000. Finally, Transcendent Capital Group LLC bought a new stake in shares of Mondelez International in the 4th quarter worth approximately $34,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $75.53 on Tuesday. Mondelez International, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $77.20. The stock’s 50-day moving average is $69.91 and its two-hundred day moving average is $69.34. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. The firm has a market cap of $101.31 billion, a P/E ratio of 23.98, a PEG ratio of 3.01 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. The firm had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The firm’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.76 earnings per share. Analysts predict that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.49%. The ex-dividend date is Monday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s payout ratio is presently 59.68%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on MDLZ shares. The Goldman Sachs Group assumed coverage on shares of Mondelez International in a research report on Monday, August 12th. They issued a “buy” rating and a $80.00 price target on the stock. Evercore ISI decreased their target price on Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a report on Tuesday, June 4th. Barclays reduced their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, July 19th. Piper Sandler dropped their price target on Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and an average price target of $78.61.

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.