Nisa Investment Advisors LLC Cuts Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Nisa Investment Advisors LLC lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 18.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 418,466 shares of the company's stock after selling 96,973 shares during the period. Nisa Investment Advisors LLC's holdings in Mondelez International were worth $28,590,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Abound Financial LLC acquired a new stake in shares of Mondelez International during the 1st quarter valued at $25,000. Goodman Advisory Group LLC bought a new position in Mondelez International during the 1st quarter worth $26,000. Transce3nd LLC bought a new position in Mondelez International during the 4th quarter worth $30,000. Orion Capital Management LLC bought a new position in Mondelez International during the 4th quarter worth $30,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its position in Mondelez International by 376.1% during 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 last quarter. Institutional investors own 78.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on MDLZ shares. Barclays raised their target price on Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. lifted their price objective on Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. DA Davidson lowered Mondelez International from a "buy" rating to a "neutral" rating and lifted their price objective for the stock from $66.00 to $68.00 in a research report on Thursday, April 24th. Evercore ISI lifted their price objective on Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. Finally, Stifel Nicolaus lifted their price objective on Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Mondelez International presently has a consensus rating of "Moderate Buy" and a consensus price target of $70.63.

Mondelez International Stock Down 0.1%

MDLZ stock traded down $0.07 during mid-day trading on Friday, reaching $67.09. 3,490,578 shares of the company traded hands, compared to its average volume of 8,088,996. The stock has a market cap of $86.86 billion, a price-to-earnings ratio of 24.91, a P/E/G ratio of 5.18 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, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The firm's 50 day moving average price is $67.00 and its 200 day moving average price is $64.20.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (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 the consensus estimate of $9.37 billion. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The company's quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 EPS. As a group, equities research analysts predict that Mondelez International, Inc. will post 2.9 EPS 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. Stockholders of record on Monday, June 30th will be paid a $0.47 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.80%. Mondelez International's payout ratio is presently 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.