419,531 Shares in Mondelez International, Inc. (NASDAQ:MDLZ) Bought by Sabal Trust CO

Sabal Trust CO acquired a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 419,531 shares of the company’s stock, valued at approximately $28,465,000. Mondelez International accounts for 1.6% of Sabal Trust CO’s investment portfolio, making the stock its 24th biggest holding.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Transce3nd LLC acquired a new position in shares of Mondelez International during the 4th quarter worth $30,000. Orion Capital Management LLC bought a new position in Mondelez International in the fourth quarter valued at about $30,000. E Fund Management Hong Kong Co. Ltd. raised its stake in Mondelez International by 376.1% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company’s stock worth $30,000 after acquiring an additional 346 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of Mondelez International in the fourth quarter worth about $31,000. Finally, Coppell Advisory Solutions LLC lifted its holdings in shares of Mondelez International by 66.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 540 shares of the company’s stock worth $32,000 after acquiring an additional 216 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

MDLZ has been the topic of several research reports. Stifel Nicolaus lifted 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. Wells Fargo & Company raised shares of Mondelez International from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $68.00 to $78.00 in a research note on Friday, June 20th. Evercore ISI upped their price target on shares of Mondelez International from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, April 23rd. UBS Group raised their price objective on Mondelez International from $60.00 to $69.00 and gave the stock a “neutral” rating in a research report on Thursday, April 17th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $69.00 target price on shares of Mondelez International in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and an average target price of $70.63.

Mondelez International Stock Down 1.7%

Shares of NASDAQ MDLZ opened at $67.28 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.61 and a quick ratio of 0.40. The company has a 50-day moving average price of $66.71 and a 200-day moving average price of $63.65. The stock has a market capitalization of $87.11 billion, a P/E ratio of 25.01, a P/E/G ratio of 5.30 and a beta of 0.48. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.07. The business had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.37 billion. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 EPS. On average, equities research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International’s dividend payout ratio 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.