Advocate Group LLC Lowers Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Advocate Group LLC lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 12.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,243 shares of the company’s stock after selling 5,069 shares during the period. Advocate Group LLC’s holdings in Mondelez International were worth $2,553,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Tyler Stone Wealth Management acquired a new position in shares of Mondelez International during the 2nd quarter worth approximately $25,000. Retirement Group LLC acquired a new position in shares of Mondelez International during the 4th quarter worth approximately $25,000. Carmel Capital Partners LLC acquired a new position in shares of Mondelez International during the 3rd quarter worth approximately $28,000. First Command Advisory Services Inc. acquired a new position in shares of Mondelez International during the 3rd quarter worth approximately $29,000. Finally, VitalStone Financial LLC raised its stake in Mondelez International by 1,553.8% in the 2nd quarter. VitalStone Financial LLC now owns 430 shares of the company’s stock valued at $30,000 after purchasing an additional 404 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on MDLZ. Barclays increased their price objective on Mondelez International from $79.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, January 16th. Stifel Nicolaus increased 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. DA Davidson began coverage on Mondelez International in a research note on Friday, December 8th. They issued a “buy” rating and a $83.00 price objective for the company. Citigroup began coverage on Mondelez International in a research note on Thursday, February 1st. They issued a “buy” rating and a $87.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.37.

Mondelez International Trading Down 0.1 %

Shares of NASDAQ MDLZ traded down $0.10 during mid-day trading on Friday, reaching $70.00. 9,931,071 shares of the company’s stock were exchanged, compared to its average volume of 7,827,783. The firm has a market capitalization of $95.26 billion, a price-to-earnings ratio of 19.28, a PEG ratio of 2.39 and a beta of 0.57. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.43 and a current ratio of 0.62. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $78.59. The company’s 50-day moving average is $72.91 and its 200-day moving average is $70.79.

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, topping analysts’ consensus estimates of $0.78 by $0.06. The business had revenue of $9.31 billion during the quarter, compared to analysts’ expectations 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 was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.73 EPS. Analysts expect that Mondelez International, Inc. will post 3.52 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Wednesday, March 27th. Mondelez International’s dividend payout ratio is presently 46.83%.

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.