Trust Co. of Toledo NA OH Sells 2,782 Shares of Mondelez International, Inc. $MDLZ

Trust Co. of Toledo NA OH trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 8.1% in the second quarter, Holdings Channel.com reports. The fund owned 31,684 shares of the company’s stock after selling 2,782 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Mondelez International were worth $2,137,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MDLZ. Brighton Jones LLC lifted its stake in Mondelez International by 92.4% during the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after purchasing an additional 7,025 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Mondelez International by 32.2% during the 1st quarter. Farther Finance Advisors LLC now owns 15,926 shares of the company’s stock worth $1,077,000 after buying an additional 3,879 shares during the period. Harbor Capital Advisors Inc. lifted its position in shares of Mondelez International by 9.3% during the 1st quarter. Harbor Capital Advisors Inc. now owns 22,134 shares of the company’s stock worth $1,502,000 after buying an additional 1,876 shares during the period. Wealthcare Advisory Partners LLC lifted its position in shares of Mondelez International by 8.3% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 7,458 shares of the company’s stock worth $506,000 after buying an additional 573 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Mondelez International by 21.1% during the 1st quarter. GAMMA Investing LLC now owns 18,316 shares of the company’s stock worth $1,243,000 after buying an additional 3,193 shares during the period. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ opened at $61.45 on Friday. The stock has a market capitalization of $79.51 billion, a P/E ratio of 22.51, a P/E/G ratio of 4.62 and a beta of 0.45. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $72.70. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. The business has a 50-day moving average price of $62.28 and a two-hundred day moving average price of $65.45.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. The firm had revenue of $7.30 billion during the quarter. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%. Equities analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be paid a $0.50 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. Mondelez International’s dividend payout ratio (DPR) is currently 73.26%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Barclays lifted their price objective on Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Piper Sandler lifted their price target on shares of Mondelez International from $66.00 to $67.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. Evercore ISI cut their target price on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. UBS Group cut their target price on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Mondelez International in a research report on Saturday, September 27th. Fourteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $71.55.

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.