Bokf Na Lowers Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Bokf Na cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 25.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,542 shares of the company’s stock after selling 12,232 shares during the period. Bokf Na’s holdings in Mondelez International were worth $2,549,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MDLZ. Bogart Wealth LLC lifted its holdings in Mondelez International by 63.9% in the fourth quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock worth $26,000 after buying an additional 140 shares during the period. Ables Iannone Moore & Associates Inc. purchased a new position in shares of Mondelez International during the fourth quarter valued at approximately $26,000. HHM Wealth Advisors LLC purchased a new position in shares of Mondelez International during the fourth quarter valued at approximately $29,000. Transcendent Capital Group LLC purchased a new position in shares of Mondelez International during the fourth quarter valued at approximately $34,000. Finally, Vermillion & White Wealth Management Group LLC purchased a new position in shares of Mondelez International during the fourth quarter valued at approximately $36,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on MDLZ. JPMorgan Chase & Co. reduced their price target on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Stifel Nicolaus cut their target price on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. Bank of America cut their target price on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. TD Cowen cut their target price on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a research report on Thursday, June 6th. Finally, Sanford C. Bernstein cut their target price on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and a consensus target price of $79.39.

Mondelez International Price Performance

Shares of NASDAQ MDLZ traded up $0.03 during mid-day trading on Friday, hitting $66.42. 5,778,491 shares of the company’s stock traded hands, compared to its average volume of 6,328,950. The company’s 50-day moving average is $66.94 and its two-hundred day moving average is $69.96. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.63. The company has a market capitalization of $89.09 billion, a P/E ratio of 21.09, a PEG ratio of 2.75 and a beta of 0.53. Mondelez International, Inc. has a 1 year low of $60.75 and a 1 year high of $77.20.

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

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were issued a dividend of $0.425 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.70 annualized dividend and a yield of 2.56%. Mondelez International’s payout ratio is 53.97%.

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.