Wealthfront Advisers LLC Reduces Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Wealthfront Advisers LLC lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 15.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 77,120 shares of the company's stock after selling 13,713 shares during the quarter. Wealthfront Advisers LLC's holdings in Mondelez International were worth $5,233,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Kingswood Wealth Advisors LLC lifted its stake in shares of Mondelez International by 15.0% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company's stock valued at $527,000 after purchasing an additional 1,013 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in Mondelez International by 23.6% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 44,786 shares of the company's stock worth $3,039,000 after buying an additional 8,544 shares during the last quarter. Flagship Harbor Advisors LLC grew its stake in shares of Mondelez International by 58.2% in the first quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company's stock worth $738,000 after purchasing an additional 4,002 shares in the last quarter. CORDA Investment Management LLC. boosted its stake in Mondelez International by 1.5% during the first quarter. CORDA Investment Management LLC. now owns 573,612 shares of the company's stock valued at $38,920,000 after buying an additional 8,456 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in Mondelez International by 1.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 17,423,363 shares of the company's stock valued at $1,040,697,000 after buying an additional 208,181 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Analyst Upgrades and Downgrades

MDLZ has been the subject of a number of recent analyst reports. DA Davidson downgraded Mondelez International from a "buy" rating to a "neutral" rating and upped their price objective for the company from $66.00 to $68.00 in a report on Thursday, April 24th. Jefferies Financial Group raised Mondelez International from a "hold" rating to a "buy" rating and lifted their price target for the stock from $66.00 to $78.00 in a report on Thursday. Stifel Nicolaus lifted their price target on Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. UBS Group boosted their price objective on Mondelez International from $69.00 to $72.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, JPMorgan Chase & Co. boosted their price objective on Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $70.72.

Mondelez International Price Performance

Shares of Mondelez International stock opened at $69.80 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.61 and a quick ratio of 0.40. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The stock has a market capitalization of $90.38 billion, a P/E ratio of 25.95, a price-to-earnings-growth ratio of 5.23 and a beta of 0.48. The business's 50 day simple moving average is $67.03 and its two-hundred day simple moving average is $64.47.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.07. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The business had revenue of $9.31 billion during the quarter, compared to analysts' expectations of $9.37 billion. During the same quarter in the prior year, the business posted $0.93 earnings per share. The business's quarterly revenue was up .2% on a year-over-year basis. Analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 14th. Investors of record on Monday, June 30th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date was Monday, June 30th. Mondelez International's dividend payout ratio is presently 69.89%.

Mondelez International Company 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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