Praxis Investment Management Inc. Trims Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Praxis Investment Management Inc. trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 8.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,962 shares of the company's stock after selling 5,500 shares during the period. Praxis Investment Management Inc.'s holdings in Mondelez International were worth $3,865,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of MDLZ. Marshall Investment Management LLC bought a new position in Mondelez International in the 4th quarter valued at $26,000. Transce3nd LLC bought a new stake in shares of Mondelez International during the 4th quarter worth $30,000. Orion Capital Management LLC bought a new stake in Mondelez International in the fourth quarter worth $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in Mondelez International in the fourth quarter worth $31,000. Finally, Coppell Advisory Solutions LLC lifted its stake in Mondelez International by 66.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 540 shares of the company's stock worth $32,000 after purchasing an additional 216 shares during the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Trading Up 3.0%

Shares of MDLZ stock traded up $1.96 during mid-day trading on Friday, reaching $68.31. The stock had a trading volume of 12,997,727 shares, compared to its average volume of 8,082,153. The stock's 50-day moving average price is $66.66 and its two-hundred day moving average price is $63.55. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The firm has a market capitalization of $88.45 billion, a PE ratio of 25.39, a price-to-earnings-growth ratio of 5.29 and a beta of 0.48. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced 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. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The company had revenue of $9.31 billion for the quarter, compared to analysts' expectations of $9.37 billion. During the same quarter in the previous year, the company earned $0.93 earnings per share. Mondelez International's quarterly revenue was up .2% on a year-over-year basis. Equities analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International's dividend payout ratio is currently 69.89%.

Analyst Upgrades and Downgrades

MDLZ has been the subject of several recent research reports. Stifel Nicolaus boosted their price target on shares of 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 shares of Mondelez International from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $68.00 to $78.00 in a research note on Friday. UBS Group boosted their price target on shares of Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a research note on Thursday, April 17th. Royal Bank Of Canada reissued an "outperform" rating and issued a $69.00 price target on shares of Mondelez International in a research note on Monday, April 28th. Finally, Barclays boosted their price target on shares of Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Mondelez International has an average rating of "Moderate Buy" and a consensus target price of $70.63.

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.