Mogy Joel R Investment Counsel Inc. cut its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 59.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,190 shares of the company's stock after selling 11,950 shares during the quarter. Mogy Joel R Investment Counsel Inc.'s holdings in Mondelez International were worth $556,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also added to or reduced their stakes in the stock. Marshall Investment Management LLC bought a new stake in Mondelez International during the fourth quarter valued at about $26,000. Transce3nd LLC bought a new position in shares of Mondelez International in the fourth quarter worth about $30,000. Orion Capital Management LLC bought a new position in shares of Mondelez International in the fourth quarter worth about $30,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Mondelez International in the fourth quarter worth about $31,000. Finally, McClarren Financial Advisors Inc. bought a new position in shares of Mondelez International in the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 78.32% of the company's stock.
Mondelez International Trading Down 1.7%
Shares of NASDAQ MDLZ traded down $1.19 during midday trading on Friday, hitting $66.93. The company's stock had a trading volume of 6,528,752 shares, compared to its average volume of 8,057,939. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The business's 50 day moving average is $66.56 and its two-hundred day moving average is $63.46. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The firm has a market cap of $86.66 billion, a P/E ratio of 19.57, a price-to-earnings-growth ratio of 4.34 and a beta of 0.48.
Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results 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. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The firm had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.37 billion. During the same period in the prior year, the business posted $0.93 earnings per share. The company's revenue for the quarter was up .2% on a year-over-year basis. As a group, equities research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.
Mondelez International Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 2.81%. Mondelez International's payout ratio is currently 69.89%.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on MDLZ shares. Stifel Nicolaus boosted their target price on Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Evercore ISI boosted their target price on Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. DA Davidson downgraded Mondelez International from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $66.00 to $68.00 in a research report on Thursday, April 24th. Barclays boosted their target price on Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Finally, Piper Sandler boosted their target price on Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $70.11.
View Our Latest Research Report on MDLZ
About Mondelez International
(
Free Report)
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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