Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Courier Capital LLC

Courier Capital LLC reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,521 shares of the company’s stock after selling 838 shares during the period. Courier Capital LLC’s holdings in Mondelez International were worth $3,326,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. DekaBank Deutsche Girozentrale raised its holdings in Mondelez International by 5.1% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 2,480,235 shares of the company’s stock valued at $179,520,000 after acquiring an additional 120,665 shares in the last quarter. Handelsinvest Investeringsforvaltning acquired a new stake in Mondelez International in the fourth quarter valued at $1,650,000. SageView Advisory Group LLC acquired a new stake in Mondelez International in the fourth quarter valued at $907,000. AGF Management Ltd. raised its holdings in Mondelez International by 32.9% in the fourth quarter. AGF Management Ltd. now owns 1,735,233 shares of the company’s stock valued at $125,683,000 after acquiring an additional 429,936 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC raised its holdings in Mondelez International by 4.7% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 38,518 shares of the company’s stock valued at $2,789,000 after acquiring an additional 1,713 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Price Performance

MDLZ traded down $1.16 on Friday, reaching $65.44. The company had a trading volume of 10,402,979 shares, compared to its average volume of 7,324,709. The company has a fifty day moving average of $68.95 and a 200-day moving average of $70.88. The company has a market capitalization of $87.78 billion, a P/E ratio of 20.65, a PEG ratio of 2.56 and a beta of 0.54. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The company had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.16 billion. During the same period in the prior year, the company earned $0.89 EPS. Mondelez International’s revenue was up 1.4% on a year-over-year basis. As a group, equities research analysts anticipate that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend is Friday, June 28th. Mondelez International’s payout ratio is 53.97%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on MDLZ shares. Citigroup cut their price target 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. JPMorgan Chase & Co. lowered 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. Wells Fargo & Company lowered their target price on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, June 4th. Evercore ISI lowered their target price on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a research note on Tuesday, June 4th. Finally, 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 research note on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and a consensus 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.