International Assets Investment Management LLC Cuts Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

International Assets Investment Management LLC trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 13.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,098 shares of the company’s stock after selling 1,408 shares during the period. International Assets Investment Management LLC’s holdings in Mondelez International were worth $635,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Operose Advisors LLC raised its stake in shares of Mondelez International by 279.2% during the third quarter. Operose Advisors LLC now owns 2,097 shares of the company’s stock valued at $146,000 after acquiring an additional 1,544 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in Mondelez International by 5.9% in the third quarter. O Shaughnessy Asset Management LLC now owns 250,330 shares of the company’s stock worth $17,373,000 after buying an additional 13,893 shares in the last quarter. Mutual Advisors LLC raised its stake in Mondelez International by 3.6% in the third quarter. Mutual Advisors LLC now owns 10,592 shares of the company’s stock worth $735,000 after buying an additional 364 shares in the last quarter. MQS Management LLC bought a new position in Mondelez International in the third quarter worth about $626,000. Finally, Mather Group LLC. raised its stake in Mondelez International by 7.4% in the third quarter. Mather Group LLC. now owns 17,512 shares of the company’s stock worth $1,215,000 after buying an additional 1,212 shares in the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MDLZ has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Barclays cut their price target on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Sanford C. Bernstein increased their price target on shares of Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Evercore ISI cut their price target on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a report on Tuesday, June 4th. Finally, Wells Fargo & Company cut their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Tuesday, June 4th. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and an average target price of $80.22.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ opened at $66.51 on Monday. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $77.20. The stock has a market capitalization of $89.21 billion, a P/E ratio of 21.11, a PEG ratio of 2.53 and a beta of 0.54. The firm has a fifty day simple moving average of $68.86 and a two-hundred day simple moving average of $70.96. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.06. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The firm had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.16 billion. During the same quarter last year, the business earned $0.89 EPS. The business’s revenue was up 1.4% on a year-over-year basis. On average, analysts expect that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be issued a dividend of $0.425 per share. The ex-dividend date is Friday, June 28th. This represents a $1.70 dividend on an annualized basis and a yield of 2.56%. Mondelez International’s payout ratio is 53.97%.

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.