Integrated Wealth Concepts LLC Has $2.36 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Integrated Wealth Concepts LLC reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 15.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,494 shares of the company's stock after selling 7,123 shares during the period. Integrated Wealth Concepts LLC's holdings in Mondelez International were worth $2,359,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Glass Jacobson Investment Advisors llc increased its position in Mondelez International by 6.7% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 2,681 shares of the company's stock worth $160,000 after buying an additional 168 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Mondelez International by 1.8% during the 4th quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company's stock worth $627,000 after acquiring an additional 181 shares in the last quarter. Traphagen Investment Advisors LLC lifted its holdings in Mondelez International by 0.8% in the 4th quarter. Traphagen Investment Advisors LLC now owns 23,619 shares of the company's stock worth $1,411,000 after purchasing an additional 187 shares during the last quarter. Core Alternative Capital boosted its position in Mondelez International by 1.7% during the fourth quarter. Core Alternative Capital now owns 11,448 shares of the company's stock worth $684,000 after purchasing an additional 187 shares during the period. Finally, Waldron Private Wealth LLC grew its holdings in Mondelez International by 1.0% during the fourth quarter. Waldron Private Wealth LLC now owns 19,496 shares of the company's stock valued at $1,164,000 after purchasing an additional 191 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Morgan Stanley raised their target price on shares of Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday. Citigroup lowered their target price on Mondelez International from $78.00 to $71.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. The Goldman Sachs Group dropped their price target on Mondelez International from $68.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. JPMorgan Chase & Co. boosted their target price on shares of Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. Finally, DZ Bank lowered shares of Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price target on the stock. in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $70.55.

Mondelez International Trading Down 0.2 %

Shares of NASDAQ MDLZ traded down $0.12 during midday trading on Friday, reaching $67.75. 7,392,963 shares of the stock were exchanged, compared to its average volume of 7,917,581. The business has a 50-day simple moving average of $66.10 and a two-hundred day simple moving average of $63.75. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The company has a market capitalization of $87.64 billion, a price-to-earnings ratio of 19.81, a P/E/G ratio of 4.34 and a beta of 0.47. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.07. The company had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.37 billion. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The firm's revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.93 earnings per share. As a group, equities research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.77%. Mondelez International's payout ratio is presently 54.97%.

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.