Continuum Advisory LLC Reduces Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Continuum Advisory LLC decreased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 7.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,347 shares of the company’s stock after selling 195 shares during the quarter. Continuum Advisory LLC’s holdings in Mondelez International were worth $140,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Mondelez International by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company’s stock worth $7,910,477,000 after buying an additional 931,776 shares in the last quarter. Capital Research Global Investors increased its position in Mondelez International by 13.9% during the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company’s stock worth $2,241,637,000 after buying an additional 4,572,555 shares in the last quarter. Geode Capital Management LLC increased its position in Mondelez International by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company’s stock worth $1,721,954,000 after buying an additional 708,523 shares in the last quarter. Ameriprise Financial Inc. increased its position in Mondelez International by 5.1% during the fourth quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company’s stock worth $1,198,491,000 after buying an additional 975,929 shares in the last quarter. Finally, Norges Bank purchased a new position in Mondelez International during the fourth quarter worth $1,118,755,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

MDLZ has been the subject of several recent research reports. Dbs Bank downgraded Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. Evercore ISI lifted their price objective on Mondelez International from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, April 23rd. DA Davidson downgraded Mondelez International from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $66.00 to $68.00 in a research report on Thursday, April 24th. Argus downgraded Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Finally, DZ Bank downgraded Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective for the company. in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $70.55.

Mondelez International Price Performance

MDLZ stock opened at $65.49 on Friday. The stock has a 50-day moving average price of $66.22 and a two-hundred day moving average price of $63.32. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month 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 company has a market cap of $84.80 billion, a PE ratio of 19.15, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50.

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

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Monday, June 30th. Mondelez International’s dividend payout ratio is presently 69.89%.

Mondelez International Company 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.