Mondelez International, Inc. (NASDAQ:MDLZ) Stake Lowered by Park Avenue Securities LLC

Park Avenue Securities LLC reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 16.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,897 shares of the company's stock after selling 4,053 shares during the period. Park Avenue Securities LLC's holdings in Mondelez International were worth $1,350,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of MDLZ. Brighton Jones LLC increased its holdings in Mondelez International by 92.4% in the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company's stock valued at $874,000 after purchasing an additional 7,025 shares in the last quarter. Stephens Inc. AR grew its stake in shares of Mondelez International by 2.0% during the fourth quarter. Stephens Inc. AR now owns 26,571 shares of the company's stock valued at $1,587,000 after acquiring an additional 527 shares in the last quarter. Kestra Private Wealth Services LLC grew its stake in shares of Mondelez International by 14.9% during the fourth quarter. Kestra Private Wealth Services LLC now owns 29,728 shares of the company's stock valued at $1,776,000 after acquiring an additional 3,860 shares in the last quarter. Principle Wealth Partners LLC grew its stake in Mondelez International by 5.6% in the fourth quarter. Principle Wealth Partners LLC now owns 10,641 shares of the company's stock worth $636,000 after purchasing an additional 568 shares in the last quarter. Finally, Essex Financial Services Inc. grew its stake in Mondelez International by 2.9% in the fourth quarter. Essex Financial Services Inc. now owns 18,398 shares of the company's stock worth $1,099,000 after purchasing an additional 520 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Price Performance

Mondelez International stock traded down $1.19 during mid-day trading on Friday, hitting $66.93. The company's stock had a trading volume of 6,528,752 shares, compared to its average volume of 8,057,939. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $86.66 billion, a P/E ratio of 19.57, a P/E/G ratio of 4.34 and a beta of 0.48. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The stock's fifty day moving average price is $66.56 and its two-hundred day moving average price is $63.47.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.07. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The firm had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. During the same quarter in the previous year, the business posted $0.93 earnings per share. The firm's quarterly revenue was up .2% compared to the same quarter last year. Research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.81%. 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 equities analysts recently commented on the company. UBS Group lifted their price target on Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a research note on Thursday, April 17th. JPMorgan Chase & Co. raised their target price on shares of Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a report on Friday, April 11th. Argus cut shares of Mondelez International from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Royal Bank of Canada reaffirmed an "outperform" rating and set a $69.00 price target on shares of Mondelez International in a report on Monday, April 28th. Finally, Wells Fargo & Company lifted their price target on Mondelez International from $64.00 to $68.00 and gave the company an "equal weight" rating in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $70.11.

About Mondelez International

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.