Strategic Wealth Partners Ltd. Trims Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Strategic Wealth Partners Ltd. decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 89.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,423 shares of the company's stock after selling 69,609 shares during the quarter. Strategic Wealth Partners Ltd.'s holdings in Mondelez International were worth $515,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in MDLZ. ICICI Prudential Asset Management Co Ltd grew its stake in Mondelez International by 430.0% during the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company's stock worth $5,520,000 after buying an additional 74,975 shares during the last quarter. Buckingham Capital Management Inc. grew its position in shares of Mondelez International by 25.5% during the fourth quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company's stock worth $5,578,000 after acquiring an additional 18,961 shares during the last quarter. Kennedy Investment Group acquired a new position in shares of Mondelez International in the 4th quarter valued at $313,000. Rhumbline Advisers increased its holdings in shares of Mondelez International by 1.4% in the 4th quarter. Rhumbline Advisers now owns 2,742,126 shares of the company's stock valued at $163,787,000 after acquiring an additional 37,897 shares during the period. Finally, Amundi raised its position in Mondelez International by 20.1% in the 4th quarter. Amundi now owns 2,856,534 shares of the company's stock valued at $166,507,000 after purchasing an additional 478,225 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of several research reports. Stifel Nicolaus raised their price objective on shares of Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. The Goldman Sachs Group lowered their price target on Mondelez International from $68.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. DZ Bank downgraded Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price objective for the company. in a research note on Friday, February 7th. UBS Group increased their price objective on Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a research report on Thursday, April 17th. Finally, Barclays boosted their target price on Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $70.55.

Mondelez International Price Performance

Shares of NASDAQ MDLZ traded up $0.23 during midday trading on Thursday, hitting $65.49. The company had a trading volume of 6,956,586 shares, compared to its average volume of 7,987,526. The firm has a market capitalization of $84.80 billion, a price-to-earnings ratio of 19.15, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The business has a 50-day simple moving average of $66.21 and a two-hundred day simple moving average of $63.34. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

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, topping the consensus estimate of $0.67 by $0.07. The business had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The company's quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.93 EPS. Equities research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be given a dividend of $0.47 per share. The ex-dividend date is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.87%. Mondelez International's payout ratio is 69.89%.

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.