Procyon Advisors LLC Has $3.58 Million Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Procyon Advisors LLC increased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,084 shares of the company’s stock after buying an additional 556 shares during the period. Procyon Advisors LLC’s holdings in Mondelez International were worth $3,576,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD grew its stake in shares of Mondelez International by 4.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock worth $2,636,897,000 after buying an additional 1,686,229 shares during the last quarter. Capital Research Global Investors grew its stake in shares of Mondelez International by 26.9% during the fourth quarter. Capital Research Global Investors now owns 30,291,001 shares of the company’s stock worth $2,193,977,000 after buying an additional 6,426,928 shares during the last quarter. Capital World Investors grew its stake in shares of Mondelez International by 2.2% during the fourth quarter. Capital World Investors now owns 21,562,411 shares of the company’s stock worth $1,561,765,000 after buying an additional 463,738 shares during the last quarter. Norges Bank bought a new stake in shares of Mondelez International in the fourth quarter worth $1,231,413,000. Finally, Vontobel Asset Management Inc. grew its stake in shares of Mondelez International by 5.0% in the fourth quarter. Vontobel Asset Management Inc. now owns 9,884,399 shares of the company’s stock worth $753,108,000 after purchasing an additional 474,539 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Price Performance

NASDAQ MDLZ traded down $0.04 on Thursday, hitting $66.60. The stock had a trading volume of 4,304,499 shares, compared to its average volume of 7,296,049. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $77.20. 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 company has a market capitalization of $89.33 billion, a price-to-earnings ratio of 21.12, a price-to-earnings-growth ratio of 2.60 and a beta of 0.54. The firm has a 50-day moving average of $68.95 and a 200-day moving average of $70.88.

Mondelez International (NASDAQ:MDLZ) last posted 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. The business had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.16 billion. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.89 EPS. Equities analysts expect that Mondelez International, Inc. will post 3.49 EPS for the current year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 2.55%. The ex-dividend date is Friday, June 28th. Mondelez International’s dividend payout ratio (DPR) is currently 53.97%.

Analyst Ratings Changes

Several research firms recently issued reports on MDLZ. JPMorgan Chase & Co. dropped their target price on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Sanford C. Bernstein boosted their target price 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. TD Cowen dropped their target price on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a report on Thursday, June 6th. Wells Fargo & Company dropped their price objective 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. Finally, Citigroup dropped their price objective on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and an average price target of $80.22.

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.