NorthCrest Asset Manangement LLC Has $2.58 Million Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

NorthCrest Asset Manangement LLC decreased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 38,005 shares of the company’s stock after selling 966 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Mondelez International were worth $2,579,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in MDLZ. Marshall Investment Management LLC bought a new stake in shares of Mondelez International in the 4th quarter worth approximately $26,000. Transce3nd LLC acquired a new position in shares of Mondelez International in the 4th quarter valued at $30,000. Orion Capital Management LLC bought a new position in shares of Mondelez International during the 4th quarter worth about $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Mondelez International during the 4th quarter valued at about $31,000. Finally, Sierra Ocean LLC bought a new stake in Mondelez International in the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Down 1.7%

Shares of MDLZ stock opened at $66.93 on Friday. The firm’s fifty day moving average price is $66.56 and its two-hundred day moving average price is $63.49. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $86.66 billion, a P/E ratio of 19.57, a PEG ratio of 4.34 and a beta of 0.48.

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

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 2.81%. Mondelez International’s dividend payout ratio is currently 69.89%.

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of analyst reports. Morgan Stanley raised their price target on shares of Mondelez International from $69.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 30th. DA Davidson lowered Mondelez International from a “buy” rating to a “neutral” rating and boosted their price target for the company from $66.00 to $68.00 in a research note on Thursday, April 24th. JPMorgan Chase & Co. increased their price objective on Mondelez International from $64.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, April 11th. Mizuho boosted their target price on shares of Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, February 14th. Finally, Stifel Nicolaus upped their target price on shares of Mondelez International from $70.00 to $73.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $70.11.

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.