Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by EP Wealth Advisors LLC

EP Wealth Advisors LLC lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,413 shares of the company’s stock after selling 569 shares during the quarter. EP Wealth Advisors LLC’s holdings in Mondelez International were worth $1,578,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Marshall Investment Management LLC purchased a new stake in shares of Mondelez International in the fourth quarter valued at $26,000. Hager Investment Management Services LLC acquired a new stake in Mondelez International in the 4th quarter worth about $27,000. Transce3nd LLC purchased a new stake in Mondelez International in the 4th quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Mondelez International during the 4th quarter valued at about $31,000. Finally, Sierra Ocean LLC purchased a new position in shares of Mondelez International during the 4th quarter worth about $32,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on MDLZ shares. Jefferies Financial Group downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and lowered their target price for the company from $75.00 to $62.00 in a report on Tuesday, January 21st. Barclays upped their price objective on Mondelez International from $71.00 to $74.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. DA Davidson cut Mondelez International from a “buy” rating to a “neutral” rating and lifted their target price for the company from $66.00 to $68.00 in a report on Thursday, April 24th. UBS Group upped their price target on Mondelez International from $60.00 to $69.00 and gave the stock a “neutral” rating in a research note on Thursday, April 17th. Finally, Morgan Stanley lifted their price objective on Mondelez International from $69.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, April 30th. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $70.55.

Mondelez International Trading Down 1.3 %

Shares of MDLZ opened at $66.37 on Friday. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The stock has a 50-day moving average price of $66.41 and a 200 day moving average price of $63.58. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The company has a market capitalization of $85.85 billion, a P/E ratio of 19.41, a P/E/G ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.07. The business had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.37 billion. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the company earned $0.93 earnings per share. Sell-side analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 31st were paid a $0.47 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.83%. Mondelez International’s dividend payout ratio (DPR) is presently 69.89%.

About Mondelez International

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.