MOKAN Wealth Management Inc. Has $684,000 Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

MOKAN Wealth Management Inc. trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 63.9% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 10,086 shares of the company's stock after selling 17,855 shares during the period. MOKAN Wealth Management Inc.'s holdings in Mondelez International were worth $684,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MDLZ. Amundi raised its holdings in Mondelez International by 20.1% during the fourth quarter. Amundi now owns 2,856,534 shares of the company's stock worth $166,507,000 after purchasing an additional 478,225 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its holdings in Mondelez International by 15.0% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company's stock valued at $527,000 after purchasing an additional 1,013 shares in the last quarter. Commonwealth Equity Services LLC increased its position in Mondelez International by 0.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 457,774 shares of the company's stock worth $27,343,000 after purchasing an additional 4,121 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Mondelez International during the 4th quarter worth approximately $336,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Mondelez International by 23.6% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 44,786 shares of the company's stock valued at $3,039,000 after buying an additional 8,544 shares during the period. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Price Performance

Shares of NASDAQ MDLZ traded up $0.47 during trading on Thursday, hitting $67.75. The company had a trading volume of 6,805,754 shares, compared to its average volume of 8,054,443. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The business's 50-day moving average is $66.71 and its 200 day moving average is $63.65. The company has a market cap of $87.72 billion, a P/E ratio of 20.76, a PEG ratio of 5.21 and a beta of 0.48. 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 (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating 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 return on equity of 15.94% and a net margin of 9.90%. Mondelez International's revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.93 earnings per share. Equities research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International's dividend payout ratio (DPR) is currently 69.89%.

Wall Street Analyst Weigh In

Several research firms have issued reports on MDLZ. Stifel Nicolaus increased their price objective on Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Barclays upped their price target on shares of Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Morgan Stanley raised their price objective on shares of Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. DA Davidson downgraded shares of Mondelez International from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $66.00 to $68.00 in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. increased their target price 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 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. According to MarketBeat, the stock presently has a consensus 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.