Lee Danner & Bass Inc. Cuts Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Lee Danner & Bass Inc. cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 6.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 196,298 shares of the company's stock after selling 14,078 shares during the quarter. Mondelez International accounts for 1.1% of Lee Danner & Bass Inc.'s investment portfolio, making the stock its 23rd largest position. Lee Danner & Bass Inc.'s holdings in Mondelez International were worth $13,319,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Goodman Advisory Group LLC purchased a new stake in shares of Mondelez International during the first quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. boosted its stake 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 worth $30,000 after purchasing an additional 346 shares during the last quarter. North Capital Inc. purchased a new stake in shares of Mondelez International during the first quarter worth $31,000. Orion Capital Management LLC acquired a new stake in shares of Mondelez International in the fourth quarter valued at about $30,000. Finally, Transce3nd LLC purchased a new position in shares of Mondelez International in the fourth quarter worth about $30,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Trading Down 0.3%

Mondelez International stock traded down $0.24 during trading on Monday, hitting $68.75. The company had a trading volume of 1,801,049 shares, compared to its average volume of 8,063,660. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61. The company's 50 day simple moving average is $66.91 and its 200-day simple moving average is $64.03. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The stock has a market cap of $89.02 billion, a price-to-earnings ratio of 25.55, a price-to-earnings-growth ratio of 5.35 and a beta of 0.48.

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 (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.07. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The firm had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.37 billion. During the same quarter in the previous year, the business earned $0.93 EPS. The company's quarterly revenue was up .2% compared to the same quarter last year. As a group, analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm 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 annualized dividend and a yield of 2.73%. The ex-dividend date is Monday, June 30th. Mondelez International's payout ratio is currently 69.89%.

Analysts Set New Price Targets

Several analysts recently issued reports on MDLZ shares. Evercore ISI upped their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. Piper Sandler upped their price target on Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research report on Wednesday, April 9th. Barclays lifted their price objective on Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Morgan Stanley boosted their price objective on Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Finally, UBS Group raised their target price on Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a research note on Thursday, April 17th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $70.63.

Mondelez International Company 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.