Saybrook Capital NC Has $11.67 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Saybrook Capital NC trimmed its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 3.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 171,929 shares of the company's stock after selling 5,709 shares during the quarter. Mondelez International makes up 3.2% of Saybrook Capital NC's portfolio, making the stock its 10th biggest holding. Saybrook Capital NC's holdings in Mondelez International were worth $11,665,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in MDLZ. E Fund Management Hong Kong Co. Ltd. increased its stake in Mondelez International by 376.1% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock worth $30,000 after acquiring an additional 346 shares during the last quarter. Orion Capital Management LLC purchased a new position in Mondelez International in the fourth quarter valued at approximately $30,000. Transce3nd LLC acquired a new position in Mondelez International during the fourth quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in Mondelez International during the fourth quarter valued at approximately $31,000. Finally, Coppell Advisory Solutions LLC raised its stake in shares of Mondelez International by 66.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 540 shares of the company's stock valued at $32,000 after acquiring an additional 216 shares during the period. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of a number of recent research reports. DA Davidson lowered Mondelez International from a "buy" rating to a "neutral" rating and increased their target price for the company from $66.00 to $68.00 in a research note on Thursday, April 24th. Barclays boosted their target price on shares of 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. raised their price target on shares of Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a report on Friday, April 11th. Wells Fargo & Company raised shares of Mondelez International from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $68.00 to $78.00 in a research report on Friday, June 20th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $69.00 price objective on shares of Mondelez International in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $70.63.

Mondelez International Stock Performance

Shares of Mondelez International stock traded up $0.47 on Thursday, reaching $67.75. 6,805,754 shares of the company were exchanged, compared to its average volume of 8,054,443. The firm has a market cap of $87.72 billion, a price-to-earnings ratio of 25.19, a P/E/G ratio of 5.21 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's 50-day moving average is $66.71 and its two-hundred day moving average is $63.65.

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 during the quarter, compared to the consensus estimate of $9.37 billion. During the same quarter in the previous year, the company posted $0.93 earnings per share. The company's revenue for the quarter was up .2% compared to the same quarter last year. As a group, research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.77%. Mondelez International's payout ratio is currently 69.89%.

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.