Venturi Wealth Management LLC Decreases Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Venturi Wealth Management LLC decreased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 61.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,888 shares of the company's stock after selling 10,752 shares during the quarter. Venturi Wealth Management LLC's holdings in Mondelez International were worth $467,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in MDLZ. Norges Bank purchased a new stake in Mondelez International during the fourth quarter valued at $1,118,755,000. Capital Research Global Investors increased its position in Mondelez International by 13.9% during the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock valued at $2,241,637,000 after acquiring an additional 4,572,555 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in Mondelez International during the first quarter valued at $189,930,000. Deutsche Bank AG increased its position in Mondelez International by 17.1% during the fourth quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock valued at $820,337,000 after acquiring an additional 2,002,640 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Mondelez International during the fourth quarter valued at $104,065,000. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Price Performance

Mondelez International stock traded up $0.40 during midday trading on Friday, reaching $70.58. 4,520,788 shares of the stock traded hands, compared to its average volume of 7,066,883. The stock's fifty day moving average is $67.64 and its 200-day moving average is $64.92. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The stock has a market cap of $91.39 billion, a P/E ratio of 26.24, a PEG ratio of 5.28 and a beta of 0.48. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.61.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 EPS 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 during the quarter, compared to analyst estimates of $9.37 billion. During the same period in the prior year, the company earned $0.93 earnings per share. The firm's revenue was up .2% on a year-over-year basis. As a group, equities research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 14th. Shareholders of record on Monday, June 30th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.66%. Mondelez International's dividend payout ratio (DPR) is presently 69.89%.

Wall Street Analyst Weigh In

A number of analysts recently commented on MDLZ shares. Royal Bank Of Canada reiterated an "outperform" rating and set a $69.00 price objective on shares of Mondelez International in a research report on Monday, April 28th. DA Davidson lowered Mondelez International from a "buy" rating to a "neutral" rating and boosted their price target for the company from $66.00 to $68.00 in a report on Thursday, April 24th. Wells Fargo & Company raised Mondelez International from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $68.00 to $78.00 in a report on Friday, June 20th. Stifel Nicolaus boosted their price target on Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Finally, Piper Sandler boosted their price target on Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $70.72.

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.