Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by Ledyard National Bank

Ledyard National Bank lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 198,254 shares of the company’s stock after acquiring an additional 1,974 shares during the quarter. Mondelez International accounts for approximately 1.5% of Ledyard National Bank’s holdings, making the stock its 18th largest position. Ledyard National Bank’s holdings in Mondelez International were worth $14,360,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Barclays PLC boosted its position in Mondelez International by 48.8% during the 3rd quarter. Barclays PLC now owns 4,948,322 shares of the company’s stock valued at $343,411,000 after purchasing an additional 1,623,588 shares during the period. Canada Pension Plan Investment Board boosted its holdings in shares of Mondelez International by 44.5% during the third quarter. Canada Pension Plan Investment Board now owns 3,766,132 shares of the company’s stock valued at $261,370,000 after acquiring an additional 1,159,900 shares during the period. J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of Mondelez International during the third quarter worth about $71,311,000. Envestnet Asset Management Inc. increased its holdings in shares of Mondelez International by 38.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,264,142 shares of the company’s stock worth $226,531,000 after acquiring an additional 900,445 shares during the period. Finally, Burgundy Asset Management Ltd. lifted its position in Mondelez International by 52.7% in the 3rd quarter. Burgundy Asset Management Ltd. now owns 2,430,258 shares of the company’s stock valued at $168,660,000 after purchasing an additional 838,651 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ traded up $1.22 on Monday, reaching $71.83. 8,543,512 shares of the company traded hands, compared to its average volume of 7,917,889. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.62 and a quick ratio of 0.43. The stock has a market capitalization of $96.72 billion, a PE ratio of 19.79, a P/E/G ratio of 2.46 and a beta of 0.56. The company’s 50 day moving average is $70.45 and its 200-day moving average is $70.79. Mondelez International, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $78.54.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, January 30th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. The business had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.31 billion. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. Mondelez International’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the company posted $0.73 EPS. As a group, analysts anticipate that Mondelez International, Inc. will post 3.52 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were given a $0.425 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.70 annualized dividend and a dividend yield of 2.37%. Mondelez International’s dividend payout ratio (DPR) is presently 46.83%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on MDLZ shares. Stifel Nicolaus raised their price target on shares of Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. StockNews.com cut Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Citigroup lowered their price target on Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. Barclays reduced their price objective on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $80.50.

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.