Financial Counselors Inc. Decreases Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Financial Counselors Inc. lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZFree Report) by 3.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 39,490 shares of the company’s stock after selling 1,309 shares during the quarter. Financial Counselors Inc.’s holdings in Mondelez International were worth $2,764,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Murphy Middleton Hinkle & Parker Inc. boosted its stake in shares of Mondelez International by 3.9% in the fourth quarter. Murphy Middleton Hinkle & Parker Inc. now owns 3,651 shares of the company’s stock worth $264,000 after acquiring an additional 136 shares during the last quarter. Cobblestone Asset Management LLC boosted its stake in shares of Mondelez International by 2.8% in the fourth quarter. Cobblestone Asset Management LLC now owns 4,982 shares of the company’s stock worth $361,000 after acquiring an additional 138 shares during the last quarter. Graypoint LLC boosted its stake in shares of Mondelez International by 1.1% in the fourth quarter. Graypoint LLC now owns 12,281 shares of the company’s stock worth $890,000 after acquiring an additional 138 shares during the last quarter. Guyasuta Investment Advisors Inc. boosted its stake in shares of Mondelez International by 0.8% in the fourth quarter. Guyasuta Investment Advisors Inc. now owns 16,461 shares of the company’s stock worth $1,192,000 after acquiring an additional 138 shares during the last quarter. Finally, Rossmore Private Capital boosted its stake in shares of Mondelez International by 0.3% in the fourth quarter. Rossmore Private Capital now owns 50,047 shares of the company’s stock worth $3,625,000 after acquiring an additional 139 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Down 1.4 %

MDLZ opened at $65.24 on Wednesday. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $77.20. The company has a market cap of $87.51 billion, a P/E ratio of 20.71, a PEG ratio of 2.54 and a beta of 0.53. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.63 and a current ratio of 0.77. The business’s 50-day simple moving average is $68.20 and its 200-day simple moving average is $70.56.

Mondelez International (NASDAQ:MDLZGet Free Report) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The firm had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.16 billion. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.89 EPS. As a group, equities research analysts expect that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be paid a dividend of $0.425 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.70 dividend on an annualized basis and a yield of 2.61%. Mondelez International’s dividend payout ratio is presently 53.97%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MDLZ. Barclays lowered their price target on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Evercore ISI lowered their price objective on Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 4th. Wells Fargo & Company lowered their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 4th. TD Cowen lowered their price objective on Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a research note on Thursday, June 6th. Finally, JPMorgan Chase & Co. lowered their price objective on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $80.22.

Get Our Latest Stock Analysis on MDLZ

About Mondelez International

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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