Town & Country Bank & Trust CO dba First Bankers Trust CO Lowers Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Town & Country Bank & Trust CO dba First Bankers Trust CO lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,821 shares of the company’s stock after selling 551 shares during the period. Mondelez International comprises about 1.9% of Town & Country Bank & Trust CO dba First Bankers Trust CO’s portfolio, making the stock its 13th largest position. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Mondelez International were worth $4,923,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. bought a new position in Mondelez International during the second quarter valued at about $26,000. Lynx Investment Advisory bought a new position in Mondelez International during the second quarter valued at about $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Mondelez International during the second quarter valued at about $29,000. ESL Trust Services LLC bought a new position in Mondelez International during the first quarter valued at about $38,000. Finally, Riverview Trust Co bought a new position in Mondelez International during the first quarter valued at about $44,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Mondelez International stock opened at $71.91 on Thursday. Mondelez International, Inc. has a 52 week low of $62.42 and a 52 week high of $77.20. The business has a 50-day simple moving average of $72.48 and a 200 day simple moving average of $69.58. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The stock has a market cap of $96.46 billion, a price-to-earnings ratio of 22.83, a PEG ratio of 2.87 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results 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 return on equity of 16.69% and a net margin of 10.97%. The business had revenue of $8.34 billion during the quarter, compared to analysts’ expectations of $8.45 billion. During the same period in the previous year, the business earned $0.76 earnings per share. The firm’s revenue was down 1.9% on a year-over-year basis. On average, research analysts forecast that Mondelez International, Inc. will post 3.5 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 14th. Stockholders 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. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date was Monday, September 30th. Mondelez International’s dividend payout ratio is presently 59.68%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Piper Sandler reduced their price target on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. JPMorgan Chase & Co. lifted their target price on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. DA Davidson lowered their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Evercore ISI raised their price objective on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Finally, The Goldman Sachs Group initiated coverage on shares of Mondelez International in a report on Monday, August 12th. They set a “buy” rating and a $80.00 target price on the stock. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $78.65.

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.