Fiduciary Alliance LLC Reduces Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Fiduciary Alliance LLC cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 4.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 196,414 shares of the company’s stock after selling 9,840 shares during the quarter. Mondelez International comprises 2.4% of Fiduciary Alliance LLC’s holdings, making the stock its 8th largest position. Fiduciary Alliance LLC’s holdings in Mondelez International were worth $13,702,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. DekaBank Deutsche Girozentrale lifted its position in shares of Mondelez International by 5.1% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 2,480,235 shares of the company’s stock worth $179,520,000 after purchasing an additional 120,665 shares during the last quarter. Handelsinvest Investeringsforvaltning acquired a new position in shares of Mondelez International in the fourth quarter worth about $1,650,000. SageView Advisory Group LLC bought a new stake in Mondelez International during the fourth quarter valued at $907,000. AGF Management Ltd. increased its position in Mondelez International by 32.9% in the 4th quarter. AGF Management Ltd. now owns 1,735,233 shares of the company’s stock valued at $125,683,000 after acquiring an additional 429,936 shares during the period. Finally, Signature Estate & Investment Advisors LLC raised its holdings in shares of Mondelez International by 4.7% in 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 in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Trading Down 1.1 %

Shares of NASDAQ:MDLZ traded down $0.73 during trading on Friday, hitting $65.44. 10,899,642 shares of the company’s stock were exchanged, compared to its average volume of 5,805,895. The firm has a market cap of $87.78 billion, a P/E ratio of 20.77, a PEG ratio of 2.51 and a beta of 0.54. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $77.20. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 0.59. The firm has a 50-day moving average price of $68.89 and a two-hundred day moving average price of $70.80.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.06. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The business had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.16 billion. During the same period in the previous year, the company posted $0.89 earnings per share. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. Equities analysts predict that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.70 dividend on an annualized basis and a yield of 2.60%. Mondelez International’s dividend payout ratio (DPR) is presently 53.97%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MDLZ. TD Cowen decreased their price target on Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a report on Thursday, June 6th. Citigroup reduced their price target on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, April 11th. Wells Fargo & Company lowered their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 4th. JPMorgan Chase & Co. decreased 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, Barclays dropped their price target on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. One equities research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.