Stonegate Investment Group LLC Sells 601 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Stonegate Investment Group LLC lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZFree Report) by 4.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,717 shares of the company’s stock after selling 601 shares during the period. Stonegate Investment Group LLC’s holdings in Mondelez International were worth $849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Fairfield Bush & CO. acquired a new stake in shares of Mondelez International during the first quarter worth about $100,000. United Bank raised its stake in shares of Mondelez International by 4.6% during the 1st quarter. United Bank now owns 27,006 shares of the company’s stock valued at $1,695,000 after buying an additional 1,189 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Mondelez International by 4.0% in the 1st quarter. Cetera Investment Advisers now owns 28,390 shares of the company’s stock valued at $1,782,000 after buying an additional 1,085 shares during the period. Dakota Wealth Management acquired a new position in shares of Mondelez International in the 1st quarter valued at $561,000. Finally, Covestor Ltd increased its holdings in Mondelez International by 69.0% in the first quarter. Covestor Ltd now owns 1,269 shares of the company’s stock valued at $80,000 after buying an additional 518 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on MDLZ shares. Citigroup initiated coverage on Mondelez International in a report on Thursday, February 1st. They issued a “buy” rating and a $87.00 price objective on the stock. Deutsche Bank Aktiengesellschaft increased their target price on Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, January 18th. DA Davidson initiated coverage on Mondelez International in a research report on Friday, December 8th. They set a “buy” rating and a $83.00 price target for the company. Barclays boosted their target price on Mondelez International from $79.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, January 16th. Finally, Stifel Nicolaus boosted their price target on shares of Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $81.37.

View Our Latest Report on Mondelez International

Mondelez International Price Performance

MDLZ stock opened at $69.26 on Wednesday. The business has a 50 day simple moving average of $72.69 and a 200-day simple moving average of $70.73. The company has a market capitalization of $94.26 billion, a P/E ratio of 19.08, a PEG ratio of 2.37 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. The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 0.60.

Mondelez International (NASDAQ:MDLZGet Free Report) last released its quarterly earnings data on Tuesday, January 30th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.06. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. The firm had revenue of $9.31 billion during the quarter, compared to analysts’ expectations of $9.31 billion. During the same quarter in the prior year, the business posted $0.73 earnings per share. Mondelez International’s revenue was up 7.1% compared to the same quarter last year. As a group, equities analysts anticipate that Mondelez International, Inc. will post 3.52 EPS for the current year.

Mondelez International Announces Dividend

The company 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 $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend is Wednesday, March 27th. Mondelez International’s dividend payout ratio is currently 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.

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

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