Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Apollon Wealth Management LLC

Apollon Wealth Management LLC lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 10.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 108,206 shares of the company's stock after selling 12,854 shares during the quarter. Apollon Wealth Management LLC's holdings in Mondelez International were worth $7,342,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Abound Financial LLC acquired a new position in Mondelez International in the 1st quarter worth about $25,000. Goodman Advisory Group LLC acquired a new position in Mondelez International in the 1st quarter worth about $26,000. Transce3nd LLC acquired a new position in Mondelez International in the 4th quarter worth about $30,000. Orion Capital Management LLC acquired a new position in Mondelez International in the 4th quarter worth about $30,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its holdings in Mondelez International by 376.1% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock worth $30,000 after purchasing an additional 346 shares during the period. Institutional investors and hedge funds own 78.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MDLZ. Stifel Nicolaus upped their price target on Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Evercore ISI increased their target price on Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a report on Wednesday, April 23rd. Morgan Stanley increased their target price on Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. increased their target price on Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a report on Friday, April 11th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $69.00 target price on shares of Mondelez International in a report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $70.72.

Mondelez International Price Performance

Shares of MDLZ stock traded up $0.18 during trading hours on Friday, reaching $69.98. The company had a trading volume of 3,603,132 shares, compared to its average volume of 8,059,309. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.40 and a current ratio of 0.61. The stock has a fifty day moving average of $67.03 and a 200-day moving average of $64.47. The company has a market capitalization of $90.61 billion, a price-to-earnings ratio of 26.01, a PEG ratio of 5.23 and a beta of 0.48. 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 issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.07. The company 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 for the quarter 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. On average, equities analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 14th. Investors of record on Monday, June 30th were given a $0.47 dividend. The ex-dividend date was Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 2.69%. Mondelez International's payout ratio is 69.89%.

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.