Hancock Whitney Corp Acquires 216 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Hancock Whitney Corp boosted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.6% in the first quarter, Holdings Channel reports. The institutional investor owned 8,539 shares of the company’s stock after buying an additional 216 shares during the period. Hancock Whitney Corp’s holdings in Mondelez International were worth $598,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale raised its holdings in Mondelez International by 5.1% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 2,480,235 shares of the company’s stock worth $179,520,000 after purchasing an additional 120,665 shares during the last quarter. SageView Advisory Group LLC acquired a new stake in Mondelez International in the 4th quarter valued at $907,000. AGF Management Ltd. grew its position in Mondelez International by 32.9% in the 4th quarter. AGF Management Ltd. now owns 1,735,233 shares of the company’s stock valued at $125,683,000 after purchasing an additional 429,936 shares during the period. Signature Estate & Investment Advisors LLC lifted its stake in Mondelez International by 4.7% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 38,518 shares of the company’s stock valued at $2,789,000 after acquiring an additional 1,713 shares in the last quarter. Finally, Bahl & Gaynor Inc. lifted its stake in Mondelez International by 1.1% during the 4th quarter. Bahl & Gaynor Inc. now owns 5,832,772 shares of the company’s stock valued at $422,468,000 after acquiring an additional 62,595 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Up 0.2 %

Shares of NASDAQ MDLZ traded up $0.15 during trading on Thursday, reaching $68.50. The company had a trading volume of 3,250,968 shares, compared to its average volume of 7,203,204. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $77.20. The stock has a market cap of $91.88 billion, a PE ratio of 21.70, a P/E/G ratio of 2.78 and a beta of 0.53. The business’s 50-day moving average is $66.77 and its 200 day moving average is $69.85. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.79 by $0.07. Mondelez International had a return on equity of 16.58% and a net margin of 10.97%. The company had revenue of $8.34 billion for the quarter, compared to analysts’ expectations of $8.45 billion. During the same period last year, the firm posted $0.76 earnings per share. Mondelez International’s revenue was down 1.9% compared to the same quarter last year. As a group, equities analysts forecast that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Monday, September 30th. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 dividend on an annualized basis and a yield of 2.74%. Mondelez International’s payout ratio is currently 53.97%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Barclays dropped their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, July 19th. Bank of America lowered their price objective on Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft reduced their target price on Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Evercore ISI reduced their target price on Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a report on Tuesday, June 4th. Finally, DA Davidson reduced their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.06.

About Mondelez International

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.