Whittier Trust Co. Buys 2,862 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Whittier Trust Co. lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 300,463 shares of the company’s stock after purchasing an additional 2,862 shares during the quarter. Whittier Trust Co.’s holdings in Mondelez International were worth $22,135,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Mondelez International in the second quarter valued at approximately $26,000. Lynx Investment Advisory acquired a new position in shares of Mondelez International during the second quarter worth $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Mondelez International in the second quarter worth $29,000. ESL Trust Services LLC acquired a new stake in Mondelez International in the first quarter valued at $38,000. Finally, Albion Financial Group UT bought a new position in Mondelez International during the 1st quarter worth $44,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Performance

NASDAQ:MDLZ traded down $1.11 during trading on Monday, reaching $70.47. The company’s stock had a trading volume of 2,782,584 shares, compared to its average volume of 6,776,471. The firm has a market cap of $94.53 billion, a price-to-earnings ratio of 22.44, a price-to-earnings-growth ratio of 2.87 and a beta of 0.54. Mondelez International, Inc. has a 12 month low of $63.66 and a 12 month 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 50 day moving average of $72.53 and a 200-day moving average of $69.62.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $8.45 billion. During the same period in the previous year, the company earned $0.76 earnings per share. The company’s quarterly revenue was down 1.9% on a year-over-year basis. Research analysts expect that Mondelez International, Inc. will post 3.5 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 14th. Stockholders of record on Monday, September 30th were issued a dividend of $0.47 per share. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date was Monday, September 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.67%. Mondelez International’s payout ratio is presently 59.68%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on MDLZ shares. JPMorgan Chase & Co. increased their price target on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Barclays reduced their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, July 19th. Citigroup boosted their target price on shares of Mondelez International from $79.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Bank of America lifted their price objective on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, Sanford C. Bernstein decreased their target price on Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. One equities research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.88.

Mondelez International Company 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.