Knights of Columbus Asset Advisors LLC Has $3.80 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Key Points

• Knights of Columbus Asset Advisors LLC reduced its position in Mondelez International by 45.6%, owning 55,989 shares valued at approximately $3.8 million after selling 47,020 shares in the first quarter.
• Mondelez International reported $0.74 earnings per share for the last quarter, exceeding analyst expectations of $0.67, though their revenue of $9.31 billion fell slightly short of analyst estimates.
• The company has announced a quarterly dividend of $0.47, reflecting an annualized dividend yield of 2.68%, with a payout ratio at 69.89%.

Knights of Columbus Asset Advisors LLC lessened its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 45.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,989 shares of the company's stock after selling 47,020 shares during the period. Knights of Columbus Asset Advisors LLC's holdings in Mondelez International were worth $3,799,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Abound Financial LLC acquired a new stake in shares of Mondelez International in the first quarter valued at about $25,000. Goodman Advisory Group LLC acquired a new stake in shares of Mondelez International in the first quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Mondelez International by 376.1% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after buying an additional 346 shares during the period. North Capital Inc. acquired a new stake in shares of Mondelez International in the first quarter valued at about $31,000. Finally, Orion Capital Management LLC acquired a new stake in shares of Mondelez International in the fourth quarter valued at about $30,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Stock Up 0.0%

MDLZ stock opened at $70.18 on Friday. 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 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.61. The stock's 50 day moving average is $67.53 and its 200-day moving average is $64.84. The firm has a market capitalization of $90.87 billion, a PE ratio of 26.09, a P/E/G ratio of 5.28 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results 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. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The company had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. During the same quarter last year, the company earned $0.93 earnings per share. The company's revenue for the quarter was up .2% on a year-over-year basis. Sell-side analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 14th. Stockholders of record on Monday, June 30th were issued a $0.47 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.68%. Mondelez International's dividend payout ratio is presently 69.89%.

Analyst Ratings Changes

Several equities research analysts recently commented on MDLZ shares. DA Davidson lowered Mondelez International from a "buy" rating to a "neutral" rating and upped their target price for the company from $66.00 to $68.00 in a research report on Thursday, April 24th. Royal Bank Of Canada restated an "outperform" rating and set a $69.00 target price on shares of Mondelez International in a research report on Monday, April 28th. Morgan Stanley upped their target price on Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Stifel Nicolaus upped their target price on Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. upped their target price on Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Mondelez International presently has a consensus rating of "Moderate Buy" and an average target price of $70.72.

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.

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