Crossmark Global Holdings Inc. Sells 13,749 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Crossmark Global Holdings Inc. reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 4.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 264,748 shares of the company's stock after selling 13,749 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Mondelez International were worth $17,963,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Goodman Advisory Group LLC acquired a new position in shares of Mondelez International during the 1st quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Mondelez International by 376.1% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock worth $30,000 after purchasing an additional 346 shares in the last quarter. North Capital Inc. acquired a new position in shares of Mondelez International during the 1st quarter worth approximately $31,000. Orion Capital Management LLC acquired a new position in shares of Mondelez International during the 4th quarter worth approximately $30,000. Finally, Transce3nd LLC acquired a new position in shares of Mondelez International during the 4th quarter worth approximately $30,000. 78.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Stifel Nicolaus increased their target price on shares of Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Wells Fargo & Company upgraded shares of Mondelez International from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $68.00 to $78.00 in a research report on Friday, June 20th. Barclays increased their price target on shares of Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Royal Bank Of Canada reiterated an "outperform" rating and set a $69.00 price target on shares of Mondelez International in a research report on Monday, April 28th. Finally, JPMorgan Chase & Co. increased their price target on shares of Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Mondelez International presently has a consensus rating of "Moderate Buy" and an average price target of $70.63.

Mondelez International Trading Down 0.2%

Shares of MDLZ stock traded down $0.17 during trading hours on Monday, hitting $68.82. 7,325,283 shares of the company's stock traded hands, compared to its average volume of 8,085,382. The stock's 50 day simple moving average is $66.91 and its 200 day simple moving average is $64.03. The stock has a market cap of $89.11 billion, a PE ratio of 25.58, a price-to-earnings-growth ratio of 5.35 and a beta of 0.48. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.61.

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

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be paid 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 payout ratio is currently 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.