Trust Co. of Virginia VA Lowers Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Trust Co. of Virginia VA decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,617 shares of the company’s stock after selling 779 shares during the period. Trust Co. of Virginia VA’s holdings in Mondelez International were worth $2,353,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Murphy Middleton Hinkle & Parker Inc. grew its position in shares of Mondelez International by 3.9% during the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 3,651 shares of the company’s stock valued at $264,000 after acquiring an additional 136 shares during the period. Cobblestone Asset Management LLC grew its position in shares of Mondelez International by 2.8% during the 4th quarter. Cobblestone Asset Management LLC now owns 4,982 shares of the company’s stock valued at $361,000 after acquiring an additional 138 shares during the period. Graypoint LLC grew its position in shares of Mondelez International by 1.1% during the 4th quarter. Graypoint LLC now owns 12,281 shares of the company’s stock valued at $890,000 after acquiring an additional 138 shares during the period. Guyasuta Investment Advisors Inc. boosted its holdings in Mondelez International by 0.8% in the 4th quarter. Guyasuta Investment Advisors Inc. now owns 16,461 shares of the company’s stock worth $1,192,000 after buying an additional 138 shares during the period. Finally, Rossmore Private Capital boosted its holdings in Mondelez International by 0.3% in the 4th quarter. Rossmore Private Capital now owns 50,047 shares of the company’s stock worth $3,625,000 after buying an additional 139 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Down 1.1 %

Shares of NASDAQ MDLZ traded down $0.73 during midday trading on Friday, reaching $65.44. 10,899,642 shares of the company’s stock traded hands, compared to its average volume of 5,805,895. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. The stock’s 50 day simple moving average is $68.89 and its 200-day simple moving average is $70.81. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $77.20. The company has a market cap of $87.78 billion, a price-to-earnings ratio of 20.77, a P/E/G ratio of 2.55 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.06. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The business had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.16 billion. During the same period in the previous year, the company earned $0.89 earnings per share. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, analysts predict that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend is Friday, June 28th. Mondelez International’s dividend payout ratio is currently 53.97%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on MDLZ shares. Citigroup dropped their target price on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, April 11th. Sanford C. Bernstein boosted their price target on shares of Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Barclays decreased their price target on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Wells Fargo & Company decreased their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 4th. Finally, Evercore ISI decreased their price target on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 4th. One research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and a consensus price target of $80.22.

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.