AMI Asset Management Corp Sells 230 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

AMI Asset Management Corp decreased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,787 shares of the company’s stock after selling 230 shares during the period. AMI Asset Management Corp’s holdings in Mondelez International were worth $800,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in MDLZ. Norges Bank bought a new stake in Mondelez International during the fourth quarter worth about $1,118,755,000. Capital Research Global Investors increased its holdings in Mondelez International by 13.9% during the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company’s stock valued at $2,241,637,000 after purchasing an additional 4,572,555 shares during the period. Raymond James Financial Inc. purchased a new position in Mondelez International during the 4th quarter valued at about $256,832,000. Vaughan Nelson Investment Management L.P. purchased a new position in Mondelez International during the 1st quarter valued at about $189,930,000. Finally, Deutsche Bank AG increased its holdings in Mondelez International by 17.1% during the 4th quarter. Deutsche Bank AG now owns 13,734,080 shares of the company’s stock valued at $820,337,000 after purchasing an additional 2,002,640 shares during the period. Institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MDLZ shares. Morgan Stanley boosted their price target on Mondelez International from $69.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, April 30th. Evercore ISI boosted their price target on Mondelez International from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, April 23rd. UBS Group boosted their price target on Mondelez International from $60.00 to $69.00 and gave the company a “neutral” rating in a report on Thursday, April 17th. Stifel Nicolaus boosted their price target on Mondelez International from $70.00 to $73.00 and gave the company a “buy” rating in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. boosted their price target on Mondelez International from $64.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and a consensus target price of $70.63.

Mondelez International Stock Performance

MDLZ stock opened at $67.28 on Thursday. The company has a market cap of $87.11 billion, a P/E ratio of 25.01, a price-to-earnings-growth ratio of 5.30 and a beta of 0.48. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.61 and a quick ratio of 0.40. The stock’s fifty day moving average price is $66.71 and its 200-day moving average price is $63.65.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.07. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The company had revenue of $9.31 billion for the quarter, compared to analysts’ expectations of $9.37 billion. During the same period last year, the firm earned $0.93 EPS. Mondelez International’s revenue for the quarter was up .2% compared to the same quarter last year. On average, equities analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Investors 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 dividend on an annualized basis and a yield of 2.79%. Mondelez International’s dividend payout ratio is currently 69.89%.

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.