Mondelez International, Inc. $MDLZ Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,247,554 shares of the company’s stock after selling 74,588 shares during the period. Bank of New York Mellon Corp owned about 0.71% of Mondelez International worth $577,695,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Soundwatch Capital LLC purchased a new stake in Mondelez International in the second quarter valued at approximately $27,000. Rossby Financial LCC raised its position in Mondelez International by 966.7% in the 2nd quarter. Rossby Financial LCC now owns 448 shares of the company’s stock valued at $30,000 after purchasing an additional 406 shares during the last quarter. Richardson Financial Services Inc. boosted its stake in Mondelez International by 141.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 482 shares of the company’s stock worth $30,000 after purchasing an additional 282 shares during the period. Aspect Partners LLC boosted its stake in Mondelez International by 180.5% during the 2nd quarter. Aspect Partners LLC now owns 474 shares of the company’s stock worth $32,000 after purchasing an additional 305 shares during the period. Finally, Financial Connections Group Inc. purchased a new position in Mondelez International during the 2nd quarter worth $33,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on MDLZ. Wall Street Zen cut shares of Mondelez International from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Bank of America reduced their price objective on Mondelez International from $69.00 to $62.00 and set a “buy” rating for the company in a research note on Friday, December 19th. Royal Bank Of Canada lowered their target price on Mondelez International from $71.00 to $67.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Mizuho dropped their target price on Mondelez International from $70.00 to $67.00 and set an “outperform” rating on the stock in a report on Thursday, January 8th. Finally, Wells Fargo & Company decreased their price target on Mondelez International from $72.00 to $62.00 and set an “overweight” rating for the company in a report on Monday, January 5th. Fourteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $66.11.

Mondelez International Stock Down 2.2%

MDLZ opened at $57.73 on Thursday. The business has a 50 day simple moving average of $55.50 and a 200-day simple moving average of $59.87. Mondelez International, Inc. has a 12 month low of $51.20 and a 12 month high of $71.15. The stock has a market capitalization of $74.49 billion, a P/E ratio of 21.62 and a beta of 0.39. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.37.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, October 28th. The company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.01). The business had revenue of $9.74 billion during the quarter, compared to analyst estimates of $9.76 billion. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. Mondelez International’s revenue was up 5.9% compared to the same quarter last year. During the same period last year, the business posted $0.95 EPS. On average, equities analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.5%. The ex-dividend date was Wednesday, December 31st. Mondelez International’s dividend payout ratio is presently 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.