Xponance Inc. Reduces Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Xponance Inc. cut its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 6.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 184,764 shares of the company's stock after selling 13,173 shares during the quarter. Xponance Inc.'s holdings in Mondelez International were worth $12,536,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Checchi Capital Advisers LLC lifted its position in Mondelez International by 1.0% during the 1st quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company's stock worth $1,083,000 after acquiring an additional 160 shares during the period. Glass Jacobson Investment Advisors llc lifted its position in Mondelez International by 6.7% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 2,681 shares of the company's stock worth $160,000 after acquiring an additional 168 shares during the period. Sound Income Strategies LLC lifted its position in Mondelez International by 11.1% during the 1st quarter. Sound Income Strategies LLC now owns 1,688 shares of the company's stock worth $115,000 after acquiring an additional 168 shares during the period. Baker Avenue Asset Management LP boosted its stake in shares of Mondelez International by 4.2% in the fourth quarter. Baker Avenue Asset Management LP now owns 4,763 shares of the company's stock worth $284,000 after buying an additional 193 shares during the last quarter. Finally, Country Club Bank boosted its stake in shares of Mondelez International by 1.5% in the first quarter. Country Club Bank now owns 12,797 shares of the company's stock worth $867,000 after buying an additional 194 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MDLZ has been the topic of a number of recent research reports. Wells Fargo & Company upgraded Mondelez International from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $68.00 to $78.00 in a research note on Friday, June 20th. Royal Bank Of Canada restated an "outperform" rating and issued a $69.00 target price on shares of Mondelez International in a research note on Monday, April 28th. DA Davidson downgraded Mondelez International from a "buy" rating to a "neutral" rating and upped their target price for the stock from $66.00 to $68.00 in a research note on Thursday, April 24th. Barclays upped their target price on Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Finally, Evercore ISI upped their target price on Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $70.63.

Mondelez International Price Performance

Shares of Mondelez International stock traded up $0.03 during mid-day trading on Friday, reaching $67.18. 6,171,071 shares of the stock traded hands, compared to its average volume of 8,101,577. The business has a 50-day moving average of $66.99 and a 200 day moving average of $64.25. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The stock has a market capitalization of $86.99 billion, a PE ratio of 24.97, a PEG ratio of 5.20 and a beta of 0.48. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.61.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating 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 firm earned $0.93 earnings per share. The business's revenue was up .2% compared to the same quarter last year. On average, analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.47 per share. The ex-dividend date is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.80%. 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.