Diversify Advisory Services LLC Sells 7,891 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Diversify Advisory Services LLC reduced its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 51.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 7,457 shares of the company's stock after selling 7,891 shares during the period. Diversify Advisory Services LLC's holdings in Mondelez International were worth $490,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Abound Financial LLC bought a new stake in Mondelez International during the 1st quarter valued at $25,000. Goodman Advisory Group LLC bought a new stake in Mondelez International during the 1st quarter valued at $26,000. Transce3nd LLC bought a new stake in Mondelez International during the 4th quarter valued at $30,000. Orion Capital Management LLC bought a new stake in Mondelez International during the 4th quarter valued at $30,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its position in 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 valued at $30,000 after purchasing an additional 346 shares in the last quarter. 78.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of research analyst reports. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $69.00 target price on shares of Mondelez International in a research report on Monday, April 28th. Stifel Nicolaus lifted their price target on Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. lifted their price target on Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a report on Friday, April 11th. Evercore ISI lifted their price target on Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a report on Wednesday, April 23rd. Finally, DA Davidson downgraded Mondelez International from a "buy" rating to a "neutral" rating and lifted their price target for the company from $66.00 to $68.00 in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $70.72.

Mondelez International Price Performance

Shares of Mondelez International stock opened at $69.81 on Monday. The business has a 50 day simple moving average of $67.10 and a two-hundred day simple moving average of $64.61. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The stock has a market capitalization of $90.39 billion, a P/E ratio of 25.95, a PEG ratio of 5.26 and a beta of 0.48. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.61 and a quick ratio of 0.40.

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

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 14th. Shareholders of record on Monday, June 30th were issued a dividend of $0.47 per share. The ex-dividend date was Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.69%. Mondelez International's payout ratio is currently 69.89%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.