Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Tufton Capital Management

Tufton Capital Management lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 106,493 shares of the company’s stock after selling 2,785 shares during the period. Mondelez International makes up approximately 1.6% of Tufton Capital Management’s investment portfolio, making the stock its 25th largest position. Tufton Capital Management’s holdings in Mondelez International were worth $7,713,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Moneta Group Investment Advisors LLC lifted its position in Mondelez International by 116,165.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 23,389,107 shares of the company’s stock valued at $1,558,884,000 after acquiring an additional 23,368,990 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Mondelez International by 25.8% in the 4th quarter. Morgan Stanley now owns 22,750,267 shares of the company’s stock valued at $1,516,305,000 after purchasing an additional 4,663,166 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Mondelez International by 1.8% in the 3rd quarter. Northern Trust Corp now owns 17,099,636 shares of the company’s stock valued at $1,186,715,000 after purchasing an additional 303,965 shares during the last quarter. Norges Bank acquired a new stake in shares of Mondelez International in the 4th quarter valued at about $981,319,000. Finally, Bank of New York Mellon Corp grew its stake in Mondelez International by 0.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 11,872,797 shares of the company’s stock worth $823,972,000 after buying an additional 65,976 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price objective on Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Citigroup lowered their price objective on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. 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 report on Friday, April 12th. Barclays lowered their price target on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Finally, StockNews.com cut Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $80.89.

Mondelez International Stock Up 0.4 %

Shares of NASDAQ:MDLZ traded up $0.26 during trading on Thursday, hitting $66.77. The company’s stock had a trading volume of 1,923,450 shares, compared to its average volume of 7,491,671. The company has a market capitalization of $89.90 billion, a PE ratio of 18.41, a PEG ratio of 2.29 and a beta of 0.56. Mondelez International, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $78.59. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.43 and a current ratio of 0.62. The stock’s 50-day moving average price is $70.86 and its two-hundred day moving average price is $70.47.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, January 30th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.78 by $0.06. The company had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.31 billion. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.73 EPS. As a group, sell-side analysts expect that Mondelez International, Inc. will post 3.52 EPS for the current year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend was Wednesday, March 27th. Mondelez International’s dividend payout ratio (DPR) is 46.83%.

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.