Buckley Wealth Management LLC Has $706,000 Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Buckley Wealth Management LLC lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,081 shares of the company’s stock after selling 342 shares during the quarter. Buckley Wealth Management LLC’s holdings in Mondelez International were worth $706,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale increased its stake in Mondelez International by 5.1% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 2,480,235 shares of the company’s stock valued at $179,520,000 after buying an additional 120,665 shares during the last quarter. Handelsinvest Investeringsforvaltning purchased a new stake in shares of Mondelez International during the 4th quarter worth approximately $1,650,000. SageView Advisory Group LLC purchased a new stake in shares of Mondelez International during the 4th quarter worth approximately $907,000. AGF Management Ltd. increased its stake in shares of Mondelez International by 32.9% during the 4th quarter. AGF Management Ltd. now owns 1,735,233 shares of the company’s stock worth $125,683,000 after purchasing an additional 429,936 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC increased its stake in shares of Mondelez International by 4.7% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 38,518 shares of the company’s stock worth $2,789,000 after purchasing an additional 1,713 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Down 1.5 %

Shares of NASDAQ MDLZ traded down $1.00 during midday trading on Friday, hitting $65.18. 3,030,221 shares of the company traded hands, compared to its average volume of 7,264,179. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $77.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.63 and a current ratio of 0.77. The stock has a 50-day moving average price of $68.95 and a 200 day moving average price of $70.88. The firm has a market cap of $87.43 billion, a P/E ratio of 20.78, a P/E/G ratio of 2.56 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.89 by $0.06. The business had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.16 billion. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. Mondelez International’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.89 earnings per share. As a group, analysts expect that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be paid a $0.425 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.61%. Mondelez International’s dividend payout ratio (DPR) is presently 53.97%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MDLZ. Citigroup decreased their price target on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. Barclays reduced their price objective on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Wells Fargo & Company reduced their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, June 4th. JPMorgan Chase & Co. reduced their price objective on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Finally, Evercore ISI reduced their price objective on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a research note on Tuesday, June 4th. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $80.22.

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.