Adell Harriman & Carpenter Inc. Sells 14,048 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Adell Harriman & Carpenter Inc. decreased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 27.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,903 shares of the company's stock after selling 14,048 shares during the period. Adell Harriman & Carpenter Inc.'s holdings in Mondelez International were worth $2,572,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Goodman Advisory Group LLC bought a new position in Mondelez International in the first quarter worth approximately $26,000. Transce3nd LLC purchased a new stake in shares of Mondelez International during the 4th quarter valued at $30,000. Orion Capital Management LLC purchased a new position in Mondelez International in the 4th quarter worth $30,000. E Fund Management Hong Kong Co. Ltd. raised its stake in Mondelez International by 376.1% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock worth $30,000 after acquiring an additional 346 shares during the last quarter. Finally, North Capital Inc. purchased a new position in Mondelez International in the 1st quarter worth $31,000. Institutional investors own 78.32% of the company's stock.

Mondelez International Price Performance

Shares of NASDAQ MDLZ traded down $0.17 during trading on Monday, hitting $68.82. The company had a trading volume of 6,862,499 shares, compared to its average volume of 8,083,557. The company has a market cap of $89.11 billion, a P/E ratio of 25.58, a PEG ratio of 5.35 and a beta of 0.48. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The business's 50-day moving average is $66.91 and its 200 day moving average is $64.03. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.40 and a current ratio of 0.61.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.67 by $0.07. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The business had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.37 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. The firm's quarterly revenue was up .2% on a year-over-year basis. Equities research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Monday, June 30th. Mondelez International's dividend payout ratio is currently 69.89%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on MDLZ shares. Evercore ISI lifted their price objective on Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. DA Davidson cut Mondelez International from a "buy" rating to a "neutral" rating and increased their target price for the company from $66.00 to $68.00 in a report on Thursday, April 24th. Morgan Stanley lifted their price target on Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Royal Bank Of Canada restated an "outperform" rating and set a $69.00 target price on shares of Mondelez International in a report on Monday, April 28th. Finally, Wells Fargo & Company upgraded Mondelez International from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $68.00 to $78.00 in a report on Friday, June 20th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $70.63.

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.