Stock Yards Bank & Trust Co. Buys 220 Shares of Mondelez International Inc (NASDAQ:MDLZ)
Stock Yards Bank & Trust Co. boosted its stake in shares of Mondelez International Inc (NASDAQ:MDLZ) by 1.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,166 shares of the company’s stock after purchasing an additional 220 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Mondelez International were worth $1,134,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the business. Toth Financial Advisory Corp boosted its position in Mondelez International by 0.4% during the second quarter. Toth Financial Advisory Corp now owns 126,846 shares of the company’s stock worth $6,486,000 after purchasing an additional 456 shares during the period. Boenning & Scattergood Inc. lifted its holdings in shares of Mondelez International by 138.4% during the second quarter. Boenning & Scattergood Inc. now owns 21,992 shares of the company’s stock worth $1,124,000 after buying an additional 12,766 shares during the last quarter. Wesbanco Bank Inc. lifted its holdings in shares of Mondelez International by 0.4% during the second quarter. Wesbanco Bank Inc. now owns 293,876 shares of the company’s stock worth $15,026,000 after buying an additional 1,166 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Mondelez International by 0.3% during the second quarter. Louisiana State Employees Retirement System now owns 61,400 shares of the company’s stock worth $3,139,000 after buying an additional 200 shares during the last quarter. Finally, Biltmore Wealth Management LLC acquired a new position in shares of Mondelez International during the second quarter worth approximately $442,000. 75.27% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on the company. BidaskClub lowered Mondelez International from a “hold” rating to a “sell” rating in a report on Tuesday, June 30th. Jefferies Financial Group reiterated a “buy” rating and set a $60.00 price target on shares of Mondelez International in a report on Tuesday, June 23rd. Stifel Nicolaus upgraded Mondelez International from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a report on Monday, March 30th. Guggenheim cut their price target on Mondelez International from $58.00 to $57.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Finally, Credit Suisse Group restated a “buy” rating and issued a $62.00 target price on shares of Mondelez International in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $61.19.
Shares of MDLZ stock traded up $1.20 during trading hours on Tuesday, hitting $52.85. 6,905,985 shares of the company’s stock were exchanged, compared to its average volume of 7,982,838. The stock’s 50-day moving average is $51.50 and its 200-day moving average is $52.84. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.53 and a quick ratio of 0.39. The stock has a market cap of $73.71 billion, a price-to-earnings ratio of 20.25, a price-to-earnings-growth ratio of 2.95 and a beta of 0.61. Mondelez International Inc has a 52 week low of $41.19 and a 52 week high of $59.96.
Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 28th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.66 by $0.03. The company had revenue of $6.71 billion for the quarter, compared to analysts’ expectations of $6.60 billion. Mondelez International had a return on equity of 13.73% and a net margin of 14.24%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.65 earnings per share. Equities research analysts forecast that Mondelez International Inc will post 2.56 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Monday, June 29th. Mondelez International’s payout ratio is presently 46.15%.
Mondelez International Company Profile
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
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