Sentinel Trust Co. LBA Has $431,000 Stake in Mondelez International Inc (MDLZ)

Sentinel Trust Co. LBA Has $431,000 Stake in Mondelez International Inc (MDLZ)

Other large investors have also made changes to their positions in the company. TIAA CREF Trust Co. FSB MO increased its stake in Mondelez International by 0.9% in the third quarter. TIAA CREF Trust Co. FSB MO now owns 349,840 shares of the company’s stock worth $15,358,000 after buying an additional 3,092 shares during the period. UBS Asset Management Americas Inc. increased its stake in Mondelez International by 4.5% in the third quarter. UBS Asset Management Americas Inc. now owns 10,108,068 shares of the company’s stock worth $443,744,000 after buying an additional 431,894 shares during the period. Parsons Capital Management Inc. RI increased its stake in Mondelez International by 8.0% in the third quarter. Parsons Capital Management Inc. RI now owns 125,286 shares of the company’s stock worth $5,500,000 after buying an additional 9,315 shares during the period. First Eagle Investment Management LLC increased its stake in Mondelez International by 204.0% in the third quarter. First Eagle Investment Management LLC now owns 4,166,781 shares of the company’s stock worth $182,922,000 after buying an additional 2,796,245 shares during the period. Finally, Sandy Spring Bank increased its stake in Mondelez International by 0.5% in the third quarter. Sandy Spring Bank now owns 56,163 shares of the company’s stock worth $2,466,000 after buying an additional 282 shares during the period. 75.43% of the stock is owned by institutional investors and hedge funds.

Sentinel Trust Co. LBA maintained its stake in shares of Mondelez International Inc (NASDAQ:MDLZ) during the first quarter, Holdings Channel reports. The firm owned 9,997 shares of the company’s stock at the end of the first quarter. Sentinel Trust Co. LBA’s holdings in Mondelez International were worth $431,000 as of its most recent SEC filing.

Mondelez International Inc (MDLZ) opened at 46.59 on Thursday. Mondelez International Inc has a 12-month low of $40.50 and a 12-month high of $46.83. The stock’s 50 day moving average price is $45.13 and its 200 day moving average price is $44.19. The company has a market capitalization of $70.69 billion, a price-to-earnings ratio of 42.09 and a beta of 1.08.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, May 2nd. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.03. The company had revenue of $6.41 billion for the quarter, compared to analyst estimates of $6.37 billion. Mondelez International had a net margin of 6.40% and a return on equity of 11.12%. On average, equities research analysts anticipate that Mondelez International Inc will post $2.11 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 13th. Stockholders of record on Friday, June 30th will be paid a dividend of $0.19 per share. The ex-dividend date is Wednesday, June 28th. This represents a $0.76 annualized dividend and a dividend yield of 1.63%. Mondelez International’s dividend payout ratio is presently 72.38%.

A number of research firms have issued reports on MDLZ. Royal Bank of Canada reissued an “outperform” rating and set a $54.00 price target on shares of Mondelez International in a research report on Wednesday, February 8th. Susquehanna Bancshares Inc downgraded Mondelez International from a “positive” rating to a “neutral” rating and lowered their price target for the company from $53.00 to $46.00 in a research report on Wednesday, February 8th. Citigroup Inc downgraded Mondelez International from a “positive” rating to a “neutral” rating and set a $53.00 price target for the company. in a research report on Wednesday, February 8th. They noted that the move was a valuation call. Goldman Sachs Group Inc set a $53.00 price objective on Mondelez International and gave the stock a “conviction-buy” rating in a research note on Wednesday, May 3rd. Finally, Credit Suisse Group AG restated a “buy” rating and set a $50.00 price objective on shares of Mondelez International in a research note on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Mondelez International presently has a consensus rating of “Buy” and a consensus target price of $49.63.

In related news, Director Trian Fund Management, L.P. sold 1,731,410 shares of the company’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $44.71, for a total value of $77,411,341.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Robin S. Hargrove sold 6,000 shares of the company’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $44.87, for a total transaction of $269,220.00. Following the completion of the transaction, the executive vice president now owns 14,663 shares in the company, valued at approximately $657,928.81. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by corporate insiders.

About Mondelez International

Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:MDLZ”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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