Stock Yards Bank & Trust Co. Sells 5,368 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Stock Yards Bank & Trust Co. decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 362,466 shares of the company’s stock after selling 5,368 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Mondelez International were worth $23,720,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Foundations Investment Advisors LLC bought a new stake in Mondelez International during the 4th quarter valued at approximately $244,000. Gladstone Institutional Advisory LLC lifted its holdings in shares of Mondelez International by 39.4% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 18,608 shares of the company’s stock worth $1,348,000 after acquiring an additional 5,256 shares during the period. Coldstream Capital Management Inc. boosted its holdings in Mondelez International by 1.1% during the fourth quarter. Coldstream Capital Management Inc. now owns 23,045 shares of the company’s stock valued at $1,669,000 after purchasing an additional 250 shares in the last quarter. Thoroughbred Financial Services LLC lifted its holdings in shares of Mondelez International by 22.0% during the fourth quarter. Thoroughbred Financial Services LLC now owns 34,014 shares of the company’s stock valued at $2,463,000 after acquiring an additional 6,137 shares during the period. Finally, Sachetta LLC acquired a new position in Mondelez International in the fourth quarter valued at about $77,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Price Performance

Shares of MDLZ opened at $75.53 on Tuesday. The stock has a 50 day simple moving average of $69.91 and a 200 day simple moving average of $69.34. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $77.20. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68. The firm has a market capitalization of $101.31 billion, a PE ratio of 23.98, a P/E/G ratio of 3.01 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. The business had revenue of $8.34 billion during the quarter, compared to the consensus estimate of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. Mondelez International’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period last year, the company earned $0.76 earnings per share. Sell-side analysts predict that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be paid a $0.47 dividend. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a yield of 2.49%. The ex-dividend date is Monday, September 30th. Mondelez International’s payout ratio is presently 59.68%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MDLZ. Sanford C. Bernstein dropped their price target on Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. DA Davidson cut their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. JPMorgan Chase & Co. increased their price target on shares of Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Barclays cut their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, July 19th. Finally, TD Cowen lowered their price target 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. One analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and a consensus target price of $78.61.

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.