Enterprise Bank & Trust Co Has $1.20 Million Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Enterprise Bank & Trust Co boosted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Get Rating) by 9.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 18,071 shares of the company’s stock after buying an additional 1,633 shares during the quarter. Enterprise Bank & Trust Co’s holdings in Mondelez International were worth $1,204,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in MDLZ. Vanguard Group Inc. grew its stake in shares of Mondelez International by 2.8% during the third quarter. Vanguard Group Inc. now owns 121,438,592 shares of the company’s stock worth $6,658,478,000 after purchasing an additional 3,301,344 shares during the period. BlackRock Inc. grew its position in shares of Mondelez International by 0.5% during the 3rd quarter. BlackRock Inc. now owns 95,834,747 shares of the company’s stock worth $5,254,618,000 after buying an additional 438,398 shares during the period. State Street Corp increased its stake in shares of Mondelez International by 0.6% in the 3rd quarter. State Street Corp now owns 60,670,936 shares of the company’s stock valued at $3,349,681,000 after acquiring an additional 363,764 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Mondelez International by 18.9% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 26,917,893 shares of the company’s stock valued at $1,476,488,000 after acquiring an additional 4,272,750 shares during the period. Finally, FMR LLC boosted its stake in Mondelez International by 27.1% during the 2nd quarter. FMR LLC now owns 25,473,749 shares of the company’s stock worth $1,581,665,000 after acquiring an additional 5,433,813 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Mondelez International Stock Down 0.8 %

NASDAQ MDLZ traded down $0.54 during trading hours on Friday, hitting $66.40. 13,634,225 shares of the company traded hands, compared to its average volume of 5,940,554. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.40 and a current ratio of 0.60. The business’s 50-day moving average is $65.71 and its 200-day moving average is $63.71. The stock has a market capitalization of $90.52 billion, a price-to-earnings ratio of 33.88, a P/E/G ratio of 2.93 and a beta of 0.65. Mondelez International, Inc. has a twelve month low of $54.72 and a twelve month high of $68.81.

Mondelez International (NASDAQ:MDLZ – Get Rating) last announced its quarterly earnings data on Tuesday, January 31st. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.03. Mondelez International had a return on equity of 15.04% and a net margin of 8.63%. The company had revenue of $8.70 billion for the quarter, compared to analysts’ expectations of $8.30 billion. During the same quarter in the prior year, the business posted $0.71 EPS. The business’s revenue was up 13.5% compared to the same quarter last year. Sell-side analysts anticipate that Mondelez International, Inc. will post 3.17 earnings per share for the current year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Friday, March 31st will be issued a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Thursday, March 30th. Mondelez International’s payout ratio is currently 78.57%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MDLZ. StockNews.com began coverage on shares of Mondelez International in a report on Thursday. They issued a “hold” rating on the stock. Morgan Stanley lifted their target price on Mondelez International from $69.00 to $75.00 and gave the stock an “overweight” rating in a report on Tuesday, December 20th. Credit Suisse Group raised their price target on Mondelez International from $70.00 to $76.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 1st. UBS Group lowered Mondelez International from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $70.00 to $71.00 in a research report on Thursday, December 8th. Finally, Wells Fargo & Company raised their target price on shares of Mondelez International from $75.00 to $77.00 and gave the stock an “overweight” rating in a report on Wednesday, February 1st. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.06.

Mondelez International Company Profile

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Mondelez International, Inc engages in the manufacture and marketing of snack food and beverage products. It operates through the following geographical segments: Latin America, Asia, Middle East, and Africa, Europe, and North America. Its products include beverages, biscuits, chocolate, gum and candy, cheese and grocery, and meals.