Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Stephens Consulting LLC

Stephens Consulting LLC lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 41.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 852 shares of the company’s stock after selling 614 shares during the quarter. Stephens Consulting LLC’s holdings in Mondelez International were worth $60,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MDLZ. DekaBank Deutsche Girozentrale grew its holdings in Mondelez International by 5.1% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 2,480,235 shares of the company’s stock valued at $179,520,000 after purchasing an additional 120,665 shares during the period. Handelsinvest Investeringsforvaltning acquired a new stake in shares of Mondelez International during the 4th quarter worth $1,650,000. SageView Advisory Group LLC acquired a new position in Mondelez International in the fourth quarter valued at $907,000. AGF Management Ltd. boosted its holdings in Mondelez International by 32.9% in the fourth 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 last quarter. Finally, Signature Estate & Investment Advisors LLC increased its stake in Mondelez International by 4.7% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 38,518 shares of the company’s stock worth $2,789,000 after acquiring an additional 1,713 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Barclays reduced their price objective on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. JPMorgan Chase & Co. reduced their price objective on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Evercore ISI cut their price objective on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a report on Tuesday, June 4th. Citigroup dropped their target price on Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. Finally, Sanford C. Bernstein raised their price objective on Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and an average target price of $80.22.

Mondelez International Stock Down 1.1 %

MDLZ stock traded down $0.73 during midday trading on Friday, reaching $65.44. The company had a trading volume of 10,899,642 shares, compared to its average volume of 5,805,895. The company has a 50 day moving average of $68.89 and a two-hundred day moving average of $70.78. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 1 year low of $60.75 and a 1 year high of $77.20. The company has a market capitalization 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 (NASDAQ:MDLZ) last released its earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $9.16 billion. During the same period last year, the business earned $0.89 earnings per share. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, equities research analysts expect that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

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

Mondelez International Company 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.