Raymond James Trust N.A. Has $13.35 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Raymond James Trust N.A. lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.2% during the second quarter, HoldingsChannel reports. The fund owned 203,975 shares of the company’s stock after selling 4,673 shares during the quarter. Raymond James Trust N.A.’s holdings in Mondelez International were worth $13,348,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bogart Wealth LLC raised its holdings in shares of Mondelez International by 63.9% in the 4th quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock worth $26,000 after acquiring an additional 140 shares during the last quarter. Ables Iannone Moore & Associates Inc. purchased a new stake in Mondelez International in the 4th quarter valued at about $26,000. HHM Wealth Advisors LLC purchased a new stake in Mondelez International in the 4th quarter valued at about $29,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Mondelez International in the 2nd quarter valued at about $26,000. Finally, Lynx Investment Advisory purchased a new stake in Mondelez International in the 2nd quarter valued at about $27,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Price Performance

NASDAQ:MDLZ traded up $0.40 during trading hours on Friday, hitting $71.23. The stock had a trading volume of 4,586,583 shares, compared to its average volume of 7,108,463. The company has a 50 day simple moving average of $67.64 and a two-hundred day simple moving average of $69.29. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.63. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $77.20. The firm has a market capitalization of $95.55 billion, a price-to-earnings ratio of 22.61, a P/E/G ratio of 2.76 and a beta of 0.53.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.79 by $0.07. The firm had revenue of $8.34 billion during the quarter, compared to the consensus estimate of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period last year, the firm earned $0.76 EPS. Research analysts forecast that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be given a dividend of $0.47 per share. The ex-dividend date is Monday, September 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.64%. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio (DPR) is 59.68%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. 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 report on Tuesday, June 4th. The Goldman Sachs Group assumed coverage on shares of Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 target price for the company. TD Cowen reduced their target price on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a research report on Thursday, June 6th. Finally, Stifel Nicolaus reduced their target price on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $78.61.

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.