Calamos Advisors LLC Sells 115,869 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Calamos Advisors LLC cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 21.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 423,794 shares of the company's stock after selling 115,869 shares during the quarter. Calamos Advisors LLC's holdings in Mondelez International were worth $28,754,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Aurora Private Wealth Inc. acquired a new position in Mondelez International during the 1st quarter worth about $1,601,000. Davidson Trust Co. lifted its holdings in Mondelez International by 11.9% during the 1st quarter. Davidson Trust Co. now owns 4,232 shares of the company's stock worth $287,000 after buying an additional 450 shares during the period. Checchi Capital Advisers LLC lifted its holdings in Mondelez International by 1.0% during the 1st quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company's stock worth $1,083,000 after buying an additional 160 shares during the period. North Capital Inc. acquired a new position in shares of Mondelez International in the 1st quarter valued at about $31,000. Finally, Barlow Wealth Partners Inc. lifted its stake in shares of Mondelez International by 15.0% in the 1st quarter. Barlow Wealth Partners Inc. now owns 5,255 shares of the company's stock valued at $345,000 after purchasing an additional 686 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Down 0.8%

Mondelez International stock traded down $0.55 during midday trading on Friday, reaching $69.02. The stock had a trading volume of 3,342,865 shares, compared to its average volume of 8,080,877. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The company has a market capitalization of $89.36 billion, a P/E ratio of 25.66, a PEG ratio of 5.35 and a beta of 0.48. The company has a fifty day moving average price of $66.85 and a two-hundred day moving average price of $63.92. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its 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. The business had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.37 billion. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The firm's revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.93 EPS. As a group, equities analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The business 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. This represents a $1.88 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International's dividend payout ratio is currently 69.89%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on MDLZ shares. Barclays boosted their price objective on Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. DA Davidson downgraded Mondelez International from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $66.00 to $68.00 in a research note on Thursday, April 24th. Piper Sandler boosted their price objective on Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research note on Wednesday, April 9th. Stifel Nicolaus boosted their price objective on Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Finally, Evercore ISI boosted their price objective on Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Mondelez International has an average rating of "Moderate Buy" and an average price target of $70.63.

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.