Grove Bank & Trust Boosts Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Grove Bank & Trust boosted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,485 shares of the company’s stock after purchasing an additional 503 shares during the period. Grove Bank & Trust’s holdings in Mondelez International were worth $711,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of MDLZ. Norges Bank purchased a new position in Mondelez International during the fourth quarter worth approximately $1,118,755,000. Capital Research Global Investors raised its stake in shares of Mondelez International by 13.9% in the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company’s stock valued at $2,241,637,000 after acquiring an additional 4,572,555 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Mondelez International in the 4th quarter valued at $256,832,000. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Mondelez International in the 1st quarter valued at $189,930,000. Finally, Deutsche Bank AG raised its stake in shares of Mondelez International by 17.1% in the 4th quarter. Deutsche Bank AG now owns 13,734,080 shares of the company’s stock valued at $820,337,000 after acquiring an additional 2,002,640 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MDLZ. UBS Group raised their target price on shares of Mondelez International from $60.00 to $69.00 and gave the company a “neutral” rating in a research note on Thursday, April 17th. Stifel Nicolaus raised their price target on shares of Mondelez International from $70.00 to $73.00 and gave the company a “buy” rating in a report on Wednesday, April 30th. Morgan Stanley raised their price target on shares of Mondelez International from $69.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. raised their price target on shares of Mondelez International from $64.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, April 11th. Finally, Piper Sandler raised their price target on shares of Mondelez International from $59.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $70.11.

Mondelez International Trading Up 0.4%

Shares of NASDAQ:MDLZ opened at $67.21 on Tuesday. The company has a market cap of $87.02 billion, a PE ratio of 19.65, a P/E/G ratio of 4.34 and a beta of 0.48. The company’s 50-day moving average price is $66.62 and its 200 day moving average price is $63.48. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.07. The firm had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.37 billion. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Mondelez International’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the firm posted $0.93 EPS. Sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be given a dividend of $0.47 per share. The ex-dividend date is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.80%. Mondelez International’s dividend payout ratio (DPR) is 69.89%.

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.