Mondelez International, Inc. (NASDAQ:MDLZ) Stake Lessened by Boyd Watterson Asset Management LLC OH

Boyd Watterson Asset Management LLC OH lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,192 shares of the company’s stock after selling 180 shares during the quarter. Boyd Watterson Asset Management LLC OH’s holdings in Mondelez International were worth $448,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Flagship Harbor Advisors LLC increased its stake in Mondelez International by 7.8% during the third quarter. Flagship Harbor Advisors LLC now owns 6,074 shares of the company’s stock valued at $422,000 after purchasing an additional 437 shares during the last quarter. Impact Partnership Wealth LLC lifted its holdings in Mondelez International by 1,865.6% in the third quarter. Impact Partnership Wealth LLC now owns 629 shares of the company’s stock worth $44,000 after purchasing an additional 597 shares during the period. Meridian Wealth Management LLC lifted its holdings in Mondelez International by 96.5% in the third quarter. Meridian Wealth Management LLC now owns 19,864 shares of the company’s stock worth $1,379,000 after purchasing an additional 9,757 shares during the period. KFG Wealth Management LLC acquired a new stake in Mondelez International in the 3rd quarter valued at about $209,000. Finally, Washington Trust Advisors Inc. lifted its holdings in Mondelez International by 12.9% in the 3rd quarter. Washington Trust Advisors Inc. now owns 5,847 shares of the company’s stock valued at $406,000 after acquiring an additional 668 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

MDLZ stock traded down $0.19 during midday trading on Friday, hitting $70.61. 7,145,125 shares of the company traded hands, compared to its average volume of 9,491,838. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $78.59. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 0.60. The business has a 50 day simple moving average of $70.45 and a 200-day simple moving average of $70.61. The stock has a market capitalization of $95.07 billion, a price-to-earnings ratio of 19.45, a price-to-earnings-growth ratio of 2.46 and a beta of 0.56.

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

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were paid a $0.425 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.70 annualized dividend and a dividend yield of 2.41%. Mondelez International’s payout ratio is 46.83%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on MDLZ shares. Citigroup cut their price target on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, April 11th. JPMorgan Chase & Co. decreased their target price on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. StockNews.com lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Barclays reduced their price target on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.