Proficio Capital Partners LLC Sells 165,480 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Proficio Capital Partners LLC trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 98.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,343 shares of the company's stock after selling 165,480 shares during the quarter. Proficio Capital Partners LLC's holdings in Mondelez International were worth $227,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MDLZ. Norges Bank bought a new stake in Mondelez International during the fourth quarter worth about $1,118,755,000. Capital Research Global Investors boosted its holdings in Mondelez International by 13.9% during the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock valued at $2,241,637,000 after acquiring an additional 4,572,555 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in Mondelez International during the 1st quarter valued at about $189,930,000. Deutsche Bank AG boosted its holdings in Mondelez International by 17.1% during the 4th quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock valued at $820,337,000 after acquiring an additional 2,002,640 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Mondelez International during the 4th quarter valued at about $104,065,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

Shares of MDLZ stock traded up $0.01 on Thursday, reaching $70.18. The stock had a trading volume of 6,015,137 shares, compared to its average volume of 7,106,407. The stock has a market cap of $90.87 billion, a P/E ratio of 26.09, a price-to-earnings-growth ratio of 5.28 and a beta of 0.48. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. 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 company has a 50 day simple moving average of $67.53 and a 200 day simple moving average of $64.84.

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, topping analysts' consensus estimates of $0.67 by $0.07. The firm had revenue of $9.31 billion for 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 revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the business posted $0.93 EPS. Equities research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 14th. Investors of record on Monday, June 30th were given a dividend of $0.47 per share. The ex-dividend date was Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 2.68%. Mondelez International's dividend payout ratio (DPR) is presently 69.89%.

Wall Street Analyst Weigh In

MDLZ has been the subject of several analyst reports. Barclays increased their target price on Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Piper Sandler increased their target price on Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a report on Wednesday, April 9th. 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. Stifel Nicolaus upped their price target on Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Finally, UBS Group upped their price target on Mondelez International from $69.00 to $72.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $70.72.

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.