Mondelez International, Inc. (NASDAQ:MDLZ) Holdings Trimmed by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC cut its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 6.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 344,695 shares of the company's stock after selling 24,768 shares during the quarter. Janney Montgomery Scott LLC's holdings in Mondelez International were worth $23,388,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Marshall Investment Management LLC acquired a new stake in Mondelez International in the fourth quarter valued at $26,000. Transce3nd LLC bought a new stake in shares of Mondelez International in the 4th quarter worth about $30,000. Orion Capital Management LLC bought a new stake in shares of Mondelez International in the 4th quarter worth about $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Mondelez International in the 4th quarter valued at about $31,000. Finally, Sierra Ocean LLC bought a new position in shares of Mondelez International during the fourth quarter worth about $32,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Price Performance

MDLZ stock remained flat at $66.35 during trading on Thursday. The company's stock had a trading volume of 7,003,125 shares, compared to its average volume of 8,068,524. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The stock has a market capitalization of $85.91 billion, a price-to-earnings ratio of 24.67, a PEG ratio of 5.14 and a beta of 0.48. The company has a fifty day simple moving average of $66.63 and a two-hundred day simple moving average of $63.52. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.07. The business 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 quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.93 earnings per share. As a group, sell-side analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business 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 $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date is Monday, June 30th. Mondelez International's dividend payout ratio is currently 69.89%.

Analyst Upgrades and Downgrades

MDLZ has been the subject of several research analyst reports. Wells Fargo & Company boosted their price objective on Mondelez International from $64.00 to $68.00 and gave the company an "equal weight" rating in a report on Wednesday, April 2nd. Argus cut Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. DA Davidson downgraded shares of Mondelez International from a "buy" rating to a "neutral" rating and lifted their price objective for the stock from $66.00 to $68.00 in a report on Thursday, April 24th. UBS Group increased their target price on shares of Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. Finally, JPMorgan Chase & Co. lifted 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 assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $70.11.

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.