Mondelez International, Inc. (NASDAQ:MDLZ) Stake Reduced by Abbrea Capital LLC

Abbrea Capital LLC cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,719 shares of the company’s stock after selling 501 shares during the quarter. Abbrea Capital LLC’s holdings in Mondelez International were worth $2,019,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Carmel Capital Partners LLC bought a new stake in Mondelez International in the third quarter worth about $28,000. First Command Advisory Services Inc. acquired a new stake in Mondelez International during the 3rd quarter worth about $29,000. Orion Capital Management LLC acquired a new stake in Mondelez International during the 3rd quarter worth about $35,000. Impact Partnership Wealth LLC raised its holdings in Mondelez International by 1,865.6% during the 3rd quarter. Impact Partnership Wealth LLC now owns 629 shares of the company’s stock worth $44,000 after buying an additional 597 shares during the period. Finally, Legacy Financial Group LLC acquired a new stake in Mondelez International during the 3rd quarter worth about $45,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Down 0.3 %

Shares of NASDAQ MDLZ traded down $0.19 during trading hours on Friday, hitting $70.61. The stock had a trading volume of 6,938,889 shares, compared to its average volume of 7,907,608. The company has a market capitalization of $95.07 billion, a P/E ratio of 19.49, a P/E/G ratio of 2.48 and a beta of 0.56. The firm’s 50-day moving average price is $70.48 and its two-hundred day moving average price is $70.57. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $78.59. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.43 and a current ratio of 0.62.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, January 30th. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The firm had revenue of $9.31 billion during the quarter, compared to analysts’ expectations of $9.31 billion. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. The company’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.73 earnings per share. Analysts anticipate that Mondelez International, Inc. will post 3.52 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were given a $0.425 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.70 annualized dividend and a dividend yield of 2.41%. Mondelez International’s dividend payout ratio is 46.83%.

Analysts Set New Price Targets

Several research firms have issued reports on MDLZ. Citigroup cut their price objective on Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. Stifel Nicolaus boosted their price objective on Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. JPMorgan Chase & Co. cut their price objective on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Barclays cut their price objective on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, January 18th. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $80.89.

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.