Sequoia Financial Advisors LLC Has $1.57 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Sequoia Financial Advisors LLC lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 18.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,461 shares of the company’s stock after selling 5,115 shares during the period. Sequoia Financial Advisors LLC’s holdings in Mondelez International were worth $1,572,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its holdings in Mondelez International by 4.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock worth $2,636,897,000 after buying an additional 1,686,229 shares during the last quarter. Capital Research Global Investors boosted its position in Mondelez International by 26.9% during the fourth quarter. Capital Research Global Investors now owns 30,291,001 shares of the company’s stock worth $2,193,977,000 after purchasing an additional 6,426,928 shares during the period. Capital World Investors boosted its position in Mondelez International by 2.2% during the fourth quarter. Capital World Investors now owns 21,562,411 shares of the company’s stock worth $1,561,765,000 after purchasing an additional 463,738 shares during the period. Norges Bank bought a new stake in Mondelez International during the fourth quarter worth approximately $1,231,413,000. Finally, Vontobel Asset Management Inc. boosted its position in shares of Mondelez International by 5.0% in the fourth quarter. Vontobel Asset Management Inc. now owns 9,884,399 shares of the company’s stock valued at $753,108,000 after acquiring an additional 474,539 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Price Performance

Mondelez International stock traded up $0.64 during mid-day trading on Friday, hitting $66.98. 6,198,188 shares of the company were exchanged, compared to its average volume of 5,907,048. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. The business has a fifty day moving average of $68.45 and a 200 day moving average of $70.62. 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 $89.84 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 2.55 and a beta of 0.53.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, beating 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 company had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.16 billion. During the same period last year, the company posted $0.89 earnings per share. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. As a group, sell-side analysts expect that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Mondelez International Dividend Announcement

The firm also recently announced 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 is Friday, June 28th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.54%. Mondelez International’s dividend payout ratio (DPR) is presently 53.97%.

Analyst Upgrades and Downgrades

MDLZ has been the subject of several research reports. Evercore ISI reduced their price objective on Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a research report on Tuesday, June 4th. TD Cowen reduced their price objective on Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a research report on Thursday, June 6th. Wells Fargo & Company reduced their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Tuesday, June 4th. Citigroup reduced their price objective on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. Finally, JPMorgan Chase & Co. reduced their price objective on Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $80.22.

About Mondelez International

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.