Taurus Asset Management LLC Reduces Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Taurus Asset Management LLC lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZFree Report) by 0.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 213,192 shares of the company’s stock after selling 1,625 shares during the period. Mondelez International makes up approximately 1.8% of Taurus Asset Management LLC’s holdings, making the stock its 25th largest holding. Taurus Asset Management LLC’s holdings in Mondelez International were worth $14,796,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Tyler Stone Wealth Management purchased a new position in shares of Mondelez International during the 2nd quarter worth about $25,000. Retirement Group LLC bought a new stake in Mondelez International in the fourth quarter worth about $25,000. Carmel Capital Partners LLC bought a new stake in Mondelez International in the third quarter worth about $28,000. First Command Advisory Services Inc. purchased a new position in shares of Mondelez International during the third quarter valued at approximately $29,000. Finally, VitalStone Financial LLC grew its stake in shares of Mondelez International by 1,553.8% during the second quarter. VitalStone Financial LLC now owns 430 shares of the company’s stock valued at $30,000 after buying an additional 404 shares during the last quarter. Hedge funds and other institutional investors own 76.16% of the company’s stock.

Analysts Set New Price Targets

MDLZ has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Morgan Stanley cut their price target on shares of Mondelez International from $82.00 to $74.00 and set an “overweight” rating on the stock in a report on Friday, November 3rd. Barclays lifted their price objective on shares of Mondelez International from $79.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, January 16th. Royal Bank of Canada raised shares of Mondelez International from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $75.00 to $83.00 in a research report on Monday, November 27th. Finally, StockNews.com lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $81.37.

Check Out Our Latest Stock Report on Mondelez International

Mondelez International Price Performance

Shares of MDLZ stock opened at $73.07 on Monday. 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 capitalization of $99.44 billion, a PE ratio of 20.16, a price-to-earnings-growth ratio of 2.50 and a beta of 0.58. The firm’s 50-day moving average is $72.99 and its two-hundred day moving average is $70.80. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $78.59.

Mondelez International (NASDAQ:MDLZGet Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.78 by $0.06. Mondelez International had a net margin of 13.77% and a return on equity of 15.91%. The firm had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.31 billion. During the same period in the prior year, the business posted $0.73 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. Analysts predict that Mondelez International, Inc. will post 3.51 earnings per share for the current year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.70 annualized dividend and a dividend yield of 2.33%. Mondelez International’s dividend payout ratio is presently 46.83%.

Mondelez International Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding MDLZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mondelez International, Inc. (NASDAQ:MDLZFree Report).

Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

Receive News & Ratings for Mondelez International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International and related companies with MarketBeat.com's FREE daily email newsletter.