Everence Capital Management Inc. Has $2.86 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Everence Capital Management Inc. cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 16.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,482 shares of the company’s stock after selling 7,890 shares during the quarter. Everence Capital Management Inc.’s holdings in Mondelez International were worth $2,860,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale lifted its stake in shares of Mondelez International by 5.1% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 2,480,235 shares of the company’s stock valued at $179,520,000 after purchasing an additional 120,665 shares during the period. Handelsinvest Investeringsforvaltning bought a new stake in Mondelez International during the 4th quarter worth approximately $1,650,000. Signature Estate & Investment Advisors LLC increased its holdings in Mondelez International by 4.7% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 38,518 shares of the company’s stock worth $2,789,000 after purchasing an additional 1,713 shares in the last quarter. HS Management Partners LLC increased its holdings in Mondelez International by 8.3% during the 4th quarter. HS Management Partners LLC now owns 1,671,075 shares of the company’s stock worth $121,036,000 after purchasing an additional 128,490 shares in the last quarter. Finally, Cerity Partners LLC increased its holdings in Mondelez International by 70.2% during the 4th quarter. Cerity Partners LLC now owns 552,122 shares of the company’s stock worth $40,013,000 after purchasing an additional 227,743 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Price Performance

NASDAQ:MDLZ traded up $0.11 during trading hours on Tuesday, hitting $65.98. 8,286,679 shares of the company’s stock traded hands, compared to its average volume of 7,578,616. The firm has a market cap of $88.84 billion, a P/E ratio of 18.11, a P/E/G ratio of 2.32 and a beta of 0.56. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $78.59. The business’s fifty day simple moving average is $71.21 and its two-hundred day simple moving average is $70.52. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 0.60.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, January 30th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. The business had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.31 billion. During the same quarter last year, the business posted $0.73 earnings per share. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, research analysts anticipate that Mondelez International, Inc. will post 3.52 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were given a dividend of $0.425 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.70 dividend on an annualized basis and a yield of 2.58%. Mondelez International’s payout ratio is 46.83%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MDLZ shares. JPMorgan Chase & Co. reduced their target price on Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a report on Friday. Stifel Nicolaus upped their price objective on Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Barclays dropped their price objective on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research note on Friday. StockNews.com downgraded Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Citigroup dropped their price objective on Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $80.89.

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.