Community Trust & Investment Co. Sells 4,462 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Community Trust & Investment Co. cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Get Rating) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 185,900 shares of the company’s stock after selling 4,462 shares during the quarter. Community Trust & Investment Co.’s holdings in Mondelez International were worth $12,391,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Stephens Inc. AR lifted its holdings in shares of Mondelez International by 0.5% during the third quarter. Stephens Inc. AR now owns 35,478 shares of the company’s stock valued at $1,945,000 after acquiring an additional 160 shares during the period. Brookstone Capital Management increased its stake in shares of Mondelez International by 1.7% in the fourth quarter. Brookstone Capital Management now owns 9,759 shares of the company’s stock valued at $664,000 after buying an additional 160 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Mondelez International by 3.9% in the third quarter. EverSource Wealth Advisors LLC now owns 4,334 shares of the company’s stock valued at $237,000 after buying an additional 163 shares in the last quarter. Verdence Capital Advisors LLC increased its stake in shares of Mondelez International by 1.3% in the third quarter. Verdence Capital Advisors LLC now owns 13,017 shares of the company’s stock valued at $714,000 after buying an additional 163 shares in the last quarter. Finally, Evermay Wealth Management LLC increased its stake in shares of Mondelez International by 2.8% in the third quarter. Evermay Wealth Management LLC now owns 6,019 shares of the company’s stock valued at $332,000 after buying an additional 165 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Mondelez International Trading Down 0.8 %

Shares of Mondelez International stock traded down $0.54 during trading on Friday, hitting $66.40. 13,634,225 shares of the company were exchanged, compared to its average volume of 5,940,554. The firm has a market capitalization of $90.52 billion, a P/E ratio of 33.88, a price-to-earnings-growth ratio of 2.93 and a beta of 0.65. Mondelez International, Inc. has a 1-year low of $54.72 and a 1-year high of $68.81. The firm’s fifty day moving average price is $65.71 and its 200 day moving average price is $63.71. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.60 and a quick ratio of 0.40.

Mondelez International (NASDAQ:MDLZ – Get Rating) last released its quarterly earnings data on Tuesday, January 31st. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.03. Mondelez International had a return on equity of 15.04% and a net margin of 8.63%. The business had revenue of $8.70 billion for the quarter, compared to analysts’ expectations of $8.30 billion. During the same quarter in the previous year, the business posted $0.71 EPS. Mondelez International’s revenue for the quarter was up 13.5% on a year-over-year basis. As a group, sell-side analysts expect that Mondelez International, Inc. will post 3.17 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Friday, March 31st will be issued a dividend of $0.385 per share. This represents a $1.54 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Thursday, March 30th. Mondelez International’s dividend payout ratio (DPR) is presently 78.57%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MDLZ. Cowen raised their target price on Mondelez International from $72.00 to $75.00 and gave the company an “outperform” rating in a research note on Monday, February 6th. Morgan Stanley raised their target price on Mondelez International from $69.00 to $75.00 and gave the company an “overweight” rating in a research note on Tuesday, December 20th. Royal Bank of Canada lowered Mondelez International from an “outperform” rating to a “sector perform” rating and set a $69.00 target price for the company. in a research note on Tuesday, January 3rd. Mizuho lifted their price objective on Mondelez International from $75.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, January 6th. Finally, Barclays lifted their price objective on Mondelez International from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Thursday, February 2nd. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $73.06.

About Mondelez International

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Mondelez International, Inc engages in the manufacture and marketing of snack food and beverage products. It operates through the following geographical segments: Latin America, Asia, Middle East, and Africa, Europe, and North America. Its products include beverages, biscuits, chocolate, gum and candy, cheese and grocery, and meals.