Argonautica Private Wealth Management Inc. Reduces Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Argonautica Private Wealth Management Inc. cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 87.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,349 shares of the company's stock after selling 36,624 shares during the period. Argonautica Private Wealth Management Inc.'s holdings in Mondelez International were worth $363,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of MDLZ. Checchi Capital Advisers LLC raised its stake in Mondelez International by 1.0% during the 1st quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company's stock worth $1,083,000 after acquiring an additional 160 shares during the period. Glass Jacobson Investment Advisors llc boosted its position in shares of Mondelez International by 6.7% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 2,681 shares of the company's stock worth $160,000 after purchasing an additional 168 shares during the period. Sound Income Strategies LLC increased its stake in shares of Mondelez International by 11.1% in the first quarter. Sound Income Strategies LLC now owns 1,688 shares of the company's stock worth $115,000 after purchasing an additional 168 shares in the last quarter. Sage Private Wealth Group LLC raised its position in shares of Mondelez International by 3.7% during the 1st quarter. Sage Private Wealth Group LLC now owns 4,921 shares of the company's stock valued at $334,000 after purchasing an additional 175 shares during the period. Finally, Verus Financial Partners Inc. lifted its stake in shares of Mondelez International by 3.7% during the 1st quarter. Verus Financial Partners Inc. now owns 5,067 shares of the company's stock valued at $340,000 after buying an additional 179 shares in the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Morgan Stanley increased 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. UBS Group increased their target price on Mondelez International from $69.00 to $72.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Evercore ISI lifted their target price 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 downgraded Mondelez International from a "buy" rating to a "neutral" rating and upped their price target for the stock from $66.00 to $68.00 in a research note on Thursday, April 24th. Finally, Barclays increased their price objective on shares of Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $70.72.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ traded up $0.40 on Friday, reaching $70.58. The company's stock had a trading volume of 4,520,788 shares, compared to its average volume of 7,066,883. The company has a 50-day simple moving average of $67.53 and a 200 day simple moving average of $64.84. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.40 and a current ratio of 0.61. The company has a market cap of $91.39 billion, a P/E ratio of 26.24, a PEG ratio of 5.28 and a beta of 0.48.

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

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 14th. Stockholders of record on Monday, June 30th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend was Monday, June 30th. Mondelez International's dividend payout ratio (DPR) is 69.89%.

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.