Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Truist Financial Corp

Truist Financial Corp trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 8.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,084,224 shares of the company’s stock after selling 95,242 shares during the period. Truist Financial Corp’s holdings in Mondelez International were worth $78,530,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Bahl & Gaynor Inc. lifted its stake in shares of Mondelez International by 1.1% in the 4th quarter. Bahl & Gaynor Inc. now owns 5,832,772 shares of the company’s stock valued at $422,468,000 after purchasing an additional 62,595 shares in the last quarter. First Fiduciary Investment Counsel Inc. raised its holdings in shares of Mondelez International by 1,225.7% during the 4th quarter. First Fiduciary Investment Counsel Inc. now owns 66,894 shares of the company’s stock valued at $4,845,000 after buying an additional 61,848 shares during the period. Bank Julius Baer & Co. Ltd Zurich raised its holdings in shares of Mondelez International by 13.3% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 13,765 shares of the company’s stock valued at $997,000 after buying an additional 1,615 shares during the period. Stevens Capital Management LP purchased a new stake in shares of Mondelez International during the 4th quarter valued at about $467,000. Finally, Syon Capital LLC raised its holdings in shares of Mondelez International by 23.8% during the 4th quarter. Syon Capital LLC now owns 13,135 shares of the company’s stock valued at $951,000 after buying an additional 2,525 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. StockNews.com downgraded Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Barclays dropped their price objective on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Citigroup dropped their price objective on Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. JPMorgan Chase & Co. dropped their price objective on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Finally, Stifel Nicolaus lifted their price objective on Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $80.89.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ traded down $0.19 during trading on Friday, reaching $70.61. The stock had a trading volume of 7,145,125 shares, compared to its average volume of 9,491,838. Mondelez International, Inc. has a one year low of $60.75 and a one year 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 has a market cap of $95.07 billion, a PE ratio of 19.45, a P/E/G ratio of 2.46 and a beta of 0.56. The firm’s 50 day moving average price is $70.45 and its two-hundred day moving average price is $70.61.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, January 30th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. The business had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.31 billion. During the same quarter in the previous year, the firm posted $0.73 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, research analysts forecast that Mondelez International, Inc. will post 3.52 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were given a dividend of $0.425 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.70 dividend on an annualized basis and a yield of 2.41%. Mondelez International’s dividend payout ratio is currently 46.83%.

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.