Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 576,909 shares of the company’s stock after selling 4,121 shares during the period. Calamos Advisors LLC’s holdings in Mondelez International were worth $41,786,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Fairfield Bush & CO. acquired a new stake in Mondelez International during the 1st quarter worth about $100,000. United Bank raised its holdings in Mondelez International by 4.6% during the 1st quarter. United Bank now owns 27,006 shares of the company’s stock worth $1,695,000 after buying an additional 1,189 shares during the period. Cetera Investment Advisers raised its holdings in Mondelez International by 4.0% during the 1st quarter. Cetera Investment Advisers now owns 28,390 shares of the company’s stock worth $1,782,000 after buying an additional 1,085 shares during the period. Dakota Wealth Management acquired a new stake in Mondelez International during the 1st quarter worth about $561,000. Finally, Covestor Ltd grew its stake in Mondelez International by 69.0% during the 1st quarter. Covestor Ltd now owns 1,269 shares of the company’s stock valued at $80,000 after acquiring an additional 518 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ traded up $0.66 during trading hours on Thursday, reaching $67.17. The stock had a trading volume of 8,672,697 shares, compared to its average volume of 7,586,161. The business’s fifty day moving average is $70.86 and its two-hundred day moving average is $70.47. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.62 and a quick ratio of 0.43. The company has a market cap of $90.44 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 2.29 and a beta of 0.56. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $78.59.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, January 30th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.78 by $0.06. The company had revenue of $9.31 billion for 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 business’s revenue for the quarter 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. As a group, research analysts expect that Mondelez International, Inc. will post 3.52 EPS for the current year.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were paid a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend was Wednesday, March 27th. Mondelez International’s payout ratio is 46.83%.

Wall Street Analyst Weigh In

MDLZ has been the topic of several research analyst reports. StockNews.com cut Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. lowered their target price 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. Citigroup lowered their target price on Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. Deutsche Bank Aktiengesellschaft lifted their target price on Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Finally, Barclays lowered their target price 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. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $80.89.

Mondelez International 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.