Essex Financial Services Inc. Has $947,000 Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Essex Financial Services Inc. cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 24.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,964 shares of the company's stock after selling 4,434 shares during the period. Essex Financial Services Inc.'s holdings in Mondelez International were worth $947,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of MDLZ. Goodman Advisory Group LLC acquired a new position in shares of Mondelez International during the 1st quarter worth about $26,000. Transce3nd LLC acquired a new stake in Mondelez International in the 4th quarter valued at about $30,000. Orion Capital Management LLC acquired a new stake in Mondelez International in the 4th quarter valued at about $30,000. E Fund Management Hong Kong Co. Ltd. lifted 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 valued at $30,000 after purchasing an additional 346 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in Mondelez International in the 4th quarter valued at about $31,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. DA Davidson downgraded shares of Mondelez International from a "buy" rating to a "neutral" rating and raised their target price for the company from $66.00 to $68.00 in a research note on Thursday, April 24th. Wells Fargo & Company upgraded shares of Mondelez International from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $68.00 to $78.00 in a research note on Friday, June 20th. JPMorgan Chase & Co. raised their target price on shares of Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a research note on Friday, April 11th. Stifel Nicolaus raised their target price on shares of Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $69.00 price target on shares of Mondelez International in a report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Mondelez International presently has an average rating of "Moderate Buy" and a consensus price target of $70.63.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $67.78 on Monday. The firm has a market cap of $87.76 billion, a PE ratio of 25.20, a price-to-earnings-growth ratio of 5.25 and a beta of 0.48. The firm's fifty day moving average is $66.73 and its 200-day moving average is $63.75. 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, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06.

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, topping analysts' consensus estimates of $0.67 by $0.07. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The company had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. During the same quarter in the previous year, the business earned $0.93 earnings per share. Mondelez International's revenue was up .2% compared to the same quarter last year. Sell-side analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date is Monday, June 30th. Mondelez International's dividend payout ratio is presently 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.

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