Bank Pictet & Cie Europe AG Sells 5,951 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Bank Pictet & Cie Europe AG cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 1.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 329,043 shares of the company's stock after selling 5,951 shares during the quarter. Bank Pictet & Cie Europe AG's holdings in Mondelez International were worth $22,326,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Optas LLC purchased a new stake in Mondelez International in the first quarter worth about $364,000. Brighton Jones LLC grew its holdings in Mondelez International by 63.8% in the first quarter. Brighton Jones LLC now owns 23,971 shares of the company's stock worth $1,626,000 after purchasing an additional 9,340 shares during the period. Newport Capital Group LLC purchased a new stake in Mondelez International in the first quarter worth about $215,000. Sound Income Strategies LLC grew its holdings in 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 during the period. Finally, Foster Victor Wealth Advisors LLC grew its holdings in Mondelez International by 1.7% in the first quarter. Foster Victor Wealth Advisors LLC now owns 104,918 shares of the company's stock worth $7,035,000 after purchasing an additional 1,790 shares during the period. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Down 1.7%

Shares of Mondelez International stock opened at $66.93 on Monday. The company has a market cap of $86.66 billion, a price-to-earnings ratio of 19.57, a price-to-earnings-growth ratio of 4.34 and a beta of 0.48. The company's 50 day moving average is $66.56 and its 200 day moving average is $63.46. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.07. The company had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.37 billion. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The firm's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.93 earnings per share. Research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be given a $0.47 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 2.81%. Mondelez International's payout ratio is presently 69.89%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on MDLZ shares. Barclays upped their price objective on shares of Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Morgan Stanley upped their price objective on shares of Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Evercore ISI upped their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. Argus cut shares of Mondelez International from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Finally, JPMorgan Chase & Co. increased their price target on shares of Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Mondelez International has an average rating of "Moderate Buy" and a consensus target price of $70.11.

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.

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