Stonebridge Capital Advisors LLC Decreases Position in Mondelez International Inc (NASDAQ:MDLZ)

Stonebridge Capital Advisors LLC trimmed its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 6.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,331 shares of the company’s stock after selling 450 shares during the quarter. Stonebridge Capital Advisors LLC’s holdings in Mondelez International were worth $316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of MDLZ. Vanguard Group Inc increased its stake in Mondelez International by 0.9% during the 3rd quarter. Vanguard Group Inc now owns 105,273,083 shares of the company’s stock valued at $4,522,531,000 after purchasing an additional 944,384 shares in the last quarter. BlackRock Inc. increased its stake in Mondelez International by 4.0% during the 4th quarter. BlackRock Inc. now owns 90,450,969 shares of the company’s stock valued at $3,620,751,000 after purchasing an additional 3,487,619 shares in the last quarter. Lindsell Train Ltd increased its stake in Mondelez International by 3.7% during the 1st quarter. Lindsell Train Ltd now owns 31,844,522 shares of the company’s stock valued at $1,589,042,000 after purchasing an additional 1,134,300 shares in the last quarter. Northern Trust Corp increased its stake in Mondelez International by 1.7% during the 1st quarter. Northern Trust Corp now owns 21,247,793 shares of the company’s stock valued at $1,060,689,000 after purchasing an additional 353,903 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Mondelez International by 11.4% during the 4th quarter. Geode Capital Management LLC now owns 18,875,712 shares of the company’s stock valued at $754,269,000 after purchasing an additional 1,928,429 shares in the last quarter. Institutional investors own 76.04% of the company’s stock.

Shares of MDLZ traded up $0.40 on Friday, reaching $55.05. The company’s stock had a trading volume of 4,712,778 shares, compared to its average volume of 6,266,106. The company has a current ratio of 0.48, a quick ratio of 0.33 and a debt-to-equity ratio of 0.50. The company has a market cap of $79.30 billion, a price-to-earnings ratio of 22.65, a PEG ratio of 2.88 and a beta of 0.82. Mondelez International Inc has a 12-month low of $38.78 and a 12-month high of $55.22.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. The company had revenue of $6.54 billion for the quarter, compared to the consensus estimate of $6.55 billion. Mondelez International had a net margin of 12.66% and a return on equity of 14.17%. The firm’s revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.62 earnings per share. As a group, analysts predict that Mondelez International Inc will post 2.49 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Thursday, June 27th. Mondelez International’s payout ratio is 42.80%.

MDLZ has been the topic of a number of recent analyst reports. UBS Group raised their price target on shares of Mondelez International to $56.00 and gave the company a “buy” rating in a report on Monday, April 15th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Mondelez International from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. Evercore ISI initiated coverage on shares of Mondelez International in a report on Tuesday. They set an “outperform” rating and a $62.00 price target on the stock. Credit Suisse Group raised their price target on shares of Mondelez International from $50.00 to $59.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Finally, BidaskClub raised shares of Mondelez International from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $50.90.

In related news, EVP Gerhard W. Pleuhs sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $51.57, for a total value of $2,062,800.00. Following the transaction, the executive vice president now owns 110,308 shares of the company’s stock, valued at $5,688,583.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Maurizio Brusadelli sold 39,882 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $54.52, for a total transaction of $2,174,366.64. Following the completion of the transaction, the executive vice president now directly owns 85,388 shares in the company, valued at approximately $4,655,353.76. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

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Mondelez International Company Profile

Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.

Further Reading: Cash Flow

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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