Mondelez International, Inc. (NASDAQ:MDLZ) Stake Trimmed by AMI Asset Management Corp

AMI Asset Management Corp trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 12,408 shares of the company’s stock after selling 446 shares during the period. AMI Asset Management Corp’s holdings in Mondelez International were worth $869,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bogart Wealth LLC lifted its holdings in shares of Mondelez International by 63.9% in the fourth quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock valued at $26,000 after purchasing an additional 140 shares in the last quarter. Ables Iannone Moore & Associates Inc. acquired a new stake in Mondelez International during the 4th quarter worth about $26,000. HHM Wealth Advisors LLC purchased a new position in Mondelez International during the 4th quarter valued at about $29,000. Transcendent Capital Group LLC acquired a new position in shares of Mondelez International in the 4th quarter valued at about $34,000. Finally, Orion Capital Management LLC acquired a new stake in shares of Mondelez International during the third quarter worth approximately $35,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Price Performance

Shares of NASDAQ MDLZ traded up $0.31 during mid-day trading on Thursday, hitting $66.34. 3,462,505 shares of the stock were exchanged, compared to its average volume of 6,227,547. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $77.20. The company has a market cap of $88.99 billion, a P/E ratio of 21.06, a PEG ratio of 2.53 and a beta of 0.53. 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 stock’s fifty day simple moving average is $68.61 and its two-hundred day simple moving average is $70.68.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.06. The firm had revenue of $9.29 billion during 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%. Mondelez International’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.89 EPS. As a group, analysts forecast that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend is Friday, June 28th. Mondelez International’s dividend payout ratio (DPR) is currently 53.97%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company cut 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 report on Tuesday, June 4th. TD Cowen reduced their price objective on Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a research report on Thursday, June 6th. Barclays dropped their target price on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Sanford C. Bernstein boosted their price target on Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Finally, JPMorgan Chase & Co. cut their price objective on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. One research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $80.22.

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.