Strategic Financial Concepts LLC Has $205,000 Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Strategic Financial Concepts LLC lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 89.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,021 shares of the company's stock after selling 25,146 shares during the quarter. Strategic Financial Concepts LLC's holdings in Mondelez International were worth $205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in MDLZ. Brighton Jones LLC increased its stake in shares of Mondelez International by 92.4% in the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company's stock valued at $874,000 after buying an additional 7,025 shares during the period. Bank Pictet & Cie Europe AG increased its position in Mondelez International by 1.1% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 334,994 shares of the company's stock valued at $20,009,000 after purchasing an additional 3,706 shares during the period. Fisher Asset Management LLC increased its position in Mondelez International by 33.0% during the 4th quarter. Fisher Asset Management LLC now owns 10,308 shares of the company's stock valued at $616,000 after purchasing an additional 2,557 shares during the period. Assetmark Inc. increased its position in Mondelez International by 0.4% during the 4th quarter. Assetmark Inc. now owns 97,171 shares of the company's stock valued at $5,804,000 after purchasing an additional 430 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in Mondelez International during the 4th quarter valued at approximately $10,084,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $69.02 on Friday. The company has a fifty day simple moving average of $66.91 and a 200 day simple moving average of $63.97. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61. The company has a market cap of $89.36 billion, a P/E ratio of 25.66, a PEG ratio of 5.35 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. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The business had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.37 billion. During the same quarter last year, the firm posted $0.93 EPS. Mondelez International's revenue was up .2% compared to the same quarter last year. Sell-side analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The firm 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 $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International's payout ratio is currently 69.89%.

Analysts Set New Price Targets

A number of research firms have weighed in on MDLZ. Wells Fargo & Company raised shares of Mondelez International from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $68.00 to $78.00 in a research report on Friday, June 20th. Stifel Nicolaus increased their target price on shares of Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Evercore ISI increased their target price on shares of Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. increased their target price on shares of Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a research report on Friday, April 11th. Finally, UBS Group increased their target price on shares of Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a research report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Mondelez International currently has a consensus 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.

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