Perkins Coie Trust Co Lowers Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Perkins Coie Trust Co cut its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 57.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,074 shares of the company's stock after selling 19,313 shares during the quarter. Perkins Coie Trust Co's holdings in Mondelez International were worth $955,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Marshall Investment Management LLC purchased a new stake in Mondelez International in the fourth quarter valued at approximately $26,000. Orion Capital Management LLC purchased a new stake in Mondelez International in the fourth quarter valued at approximately $30,000. Transce3nd LLC purchased a new stake in Mondelez International in the fourth quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Mondelez International in the fourth quarter valued at approximately $31,000. Finally, Sierra Ocean LLC purchased a new stake in Mondelez International in the fourth quarter valued at approximately $32,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Dbs Bank downgraded shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, February 7th. DA Davidson downgraded shares of Mondelez International from a "buy" rating to a "neutral" rating and boosted their target price for the company from $66.00 to $68.00 in a report on Thursday, April 24th. Piper Sandler boosted their target price on shares of Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a report on Wednesday, April 9th. Argus downgraded shares of Mondelez International from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Finally, Evercore ISI boosted their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Mondelez International currently has a consensus rating of "Moderate Buy" and an average price target of $70.11.

Mondelez International Trading Down 0.3%

NASDAQ MDLZ opened at $66.15 on Friday. The company's fifty day simple moving average is $66.43 and its 200-day simple moving average is $63.40. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The stock has a market cap of $85.65 billion, a P/E ratio of 19.34, a PEG ratio of 4.34 and a beta of 0.48.

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, beating the consensus estimate of $0.67 by $0.07. The firm had revenue of $9.31 billion for 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%. The firm's quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company posted $0.93 earnings per share. 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. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.84%. Mondelez International's dividend payout ratio (DPR) 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.

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