Community Trust & Investment Co. Acquires 11,898 Shares of Mondelez International, Inc. $MDLZ

Community Trust & Investment Co. raised its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 7.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 179,929 shares of the company’s stock after purchasing an additional 11,898 shares during the quarter. Community Trust & Investment Co.’s holdings in Mondelez International were worth $11,240,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Brighton Jones LLC raised its stake in Mondelez International by 92.4% during the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after acquiring an additional 7,025 shares in the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of Mondelez International by 11.3% in the 1st quarter. Integrated Wealth Concepts LLC now owns 43,963 shares of the company’s stock worth $2,983,000 after purchasing an additional 4,469 shares during the last quarter. Kestra Investment Management LLC increased its position in shares of Mondelez International by 3,197.7% during the 1st quarter. Kestra Investment Management LLC now owns 1,418 shares of the company’s stock worth $96,000 after purchasing an additional 1,375 shares in the last quarter. Ashton Thomas Private Wealth LLC increased its position in shares of Mondelez International by 38.6% during the 1st quarter. Ashton Thomas Private Wealth LLC now owns 55,232 shares of the company’s stock worth $3,773,000 after purchasing an additional 15,385 shares in the last quarter. Finally, CTC Alternative Strategies Ltd. bought a new position in Mondelez International during the 1st quarter valued at about $1,018,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MDLZ. Royal Bank Of Canada cut their target price on shares of Mondelez International from $71.00 to $67.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Berenberg Bank cut Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target for the company. in a report on Thursday, October 2nd. Mizuho reduced their price objective on Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 28th. DA Davidson decreased their target price on Mondelez International from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Finally, Sanford C. Bernstein lowered their target price on Mondelez International from $85.00 to $84.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Fourteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and a consensus target price of $67.05.

Mondelez International Stock Up 0.2%

NASDAQ MDLZ opened at $53.74 on Tuesday. The stock has a market capitalization of $69.34 billion, a P/E ratio of 20.13 and a beta of 0.39. Mondelez International, Inc. has a 52 week low of $52.79 and a 52 week high of $71.15. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.37 and a current ratio of 0.61. The stock has a fifty day moving average of $55.65 and a 200-day moving average of $61.21.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. The business had revenue of $7.30 billion for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%. On average, equities research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

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

Mondelez International Company Profile

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.