Community Trust & Investment Co. Purchases 5,558 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Community Trust & Investment Co. increased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 156,262 shares of the company’s stock after purchasing an additional 5,558 shares during the quarter. Community Trust & Investment Co.’s holdings in Mondelez International were worth $11,512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of MDLZ. GSA Capital Partners LLP bought a new stake in shares of Mondelez International during the 1st quarter valued at about $1,686,000. Duality Advisers LP purchased a new position in shares of Mondelez International during the 1st quarter worth approximately $4,528,000. BDF Gestion bought a new position in shares of Mondelez International in the 2nd quarter worth approximately $6,690,000. M&G Plc bought a new position in shares of Mondelez International in the 1st quarter worth approximately $12,010,000. Finally, Advisory Services Network LLC lifted its stake in shares of Mondelez International by 35.3% in the 1st quarter. Advisory Services Network LLC now owns 60,401 shares of the company’s stock valued at $4,228,000 after purchasing an additional 15,746 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

MDLZ stock opened at $71.35 on Wednesday. The company has a 50-day moving average price of $72.57 and a 200 day moving average price of $69.66. Mondelez International, Inc. has a 12 month low of $63.66 and a 12 month high of $77.20. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.58. The stock has a market cap of $95.71 billion, a PE ratio of 22.65, a P/E/G ratio of 2.87 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The firm had revenue of $8.34 billion during the quarter, compared to analyst estimates of $8.45 billion. During the same quarter in the previous year, the business posted $0.76 EPS. Mondelez International’s revenue was down 1.9% on a year-over-year basis. Equities research analysts anticipate that Mondelez International, Inc. will post 3.5 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 14th. Shareholders of record on Monday, September 30th were issued a $0.47 dividend. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date was Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.63%. Mondelez International’s payout ratio is presently 59.68%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. DA Davidson decreased their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Barclays lowered their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. Bank of America upped their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Piper Sandler lowered their target price on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Finally, Redburn Atlantic began coverage on Mondelez International in a research note on Tuesday. They issued a “buy” rating and a $82.00 price target on the stock. One investment analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.06.

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.