Sanibel Captiva Trust Company Inc. reduced its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 4.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 145,106 shares of the company's stock after selling 7,387 shares during the period. Sanibel Captiva Trust Company Inc.'s holdings in Mondelez International were worth $9,845,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Marshall Investment Management LLC acquired a new stake in Mondelez International in the 4th quarter valued at $26,000. Orion Capital Management LLC acquired a new stake in shares of Mondelez International during the fourth quarter worth $30,000. Transce3nd LLC bought a new position in shares of Mondelez International in the 4th quarter worth about $30,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Mondelez International in the 4th quarter worth about $31,000. Finally, Sierra Ocean LLC bought a new stake in Mondelez International during the 4th quarter worth approximately $32,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.
Mondelez International Trading Down 0.7%
MDLZ stock traded down $0.45 during mid-day trading on Friday, reaching $67.67. The company had a trading volume of 1,802,760 shares, compared to its average volume of 8,024,103. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The company has a market capitalization of $87.61 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 4.34 and a beta of 0.48. The firm has a 50 day moving average of $66.50 and a 200 day moving average of $63.47. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06.
Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted 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 company had revenue of $9.31 billion during the quarter, compared to analysts' expectations of $9.37 billion. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Mondelez International's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.93 earnings per share. On average, equities analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.
Mondelez International Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be issued a dividend of $0.47 per share. The ex-dividend date is Monday, June 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.78%. Mondelez International's dividend payout ratio (DPR) is presently 69.89%.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on MDLZ shares. Argus lowered Mondelez International from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Morgan Stanley increased their price objective on Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Stifel Nicolaus raised their target price on Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Wells Fargo & Company raised their target price on Mondelez International from $64.00 to $68.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 2nd. Finally, DA Davidson lowered 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $70.11.
Check Out Our Latest Stock Analysis on Mondelez International
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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