Trust Co. of Virginia VA Reduces Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Trust Co. of Virginia VA trimmed its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,617 shares of the company’s stock after selling 779 shares during the period. Trust Co. of Virginia VA’s holdings in Mondelez International were worth $2,353,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Bogart Wealth LLC grew its position in Mondelez International by 63.9% during the 4th quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock worth $26,000 after purchasing an additional 140 shares during the last quarter. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Mondelez International in the 4th quarter worth $26,000. HHM Wealth Advisors LLC acquired a new stake in shares of Mondelez International in the 4th quarter worth $29,000. Transcendent Capital Group LLC acquired a new stake in shares of Mondelez International in the 4th quarter worth $34,000. Finally, Orion Capital Management LLC acquired a new stake in shares of Mondelez International in the 3rd quarter worth $35,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Wells Fargo & Company reduced their target price on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, June 4th. JPMorgan Chase & Co. reduced their target price on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Evercore ISI reduced their target price on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a research note on Tuesday, June 4th. Sanford C. Bernstein raised their price objective on shares of Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Finally, TD Cowen reduced their price objective on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a research note on Thursday, June 6th. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $80.22.

Mondelez International Price Performance

MDLZ traded down $0.73 during midday trading on Friday, reaching $65.44. 10,899,642 shares of the company’s stock were exchanged, compared to its average volume of 5,805,895. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.63. The stock has a market capitalization of $87.78 billion, a PE ratio of 20.77, a P/E/G ratio of 2.55 and a beta of 0.54. The business’s 50-day moving average price is $68.89 and its 200 day moving average price is $70.81. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The company had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.16 billion. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.89 earnings per share. As a group, equities analysts anticipate that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.425 per share. The ex-dividend date is Friday, June 28th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.60%. Mondelez International’s dividend payout ratio (DPR) is presently 53.97%.

Mondelez International Profile

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.