Mogy Joel R Investment Counsel Inc. Cuts Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Mogy Joel R Investment Counsel Inc. trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 23.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 43,196 shares of the company’s stock after selling 12,985 shares during the period. Mogy Joel R Investment Counsel Inc.’s holdings in Mondelez International were worth $3,129,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MDLZ. Carmel Capital Partners LLC purchased a new stake in shares of Mondelez International during the 3rd quarter valued at about $28,000. First Command Advisory Services Inc. purchased a new stake in shares of Mondelez International during the 3rd quarter valued at about $29,000. Orion Capital Management LLC purchased a new stake in shares of Mondelez International during the 3rd quarter valued at about $35,000. Legacy Financial Group LLC purchased a new stake in shares of Mondelez International during the 3rd quarter valued at about $45,000. Finally, Milestone Investment Advisors LLC purchased a new stake in shares of Mondelez International during the 3rd quarter valued at about $56,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Barclays dropped their price target on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Stifel Nicolaus raised their price target on shares of Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, January 25th. StockNews.com cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Citigroup lowered their price objective on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and an average price target of $80.89.

Mondelez International Stock Performance

NASDAQ MDLZ traded down $0.19 on Friday, reaching $70.61. 7,145,125 shares of the stock were exchanged, compared to its average volume of 9,491,838. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $78.59. The firm has a market capitalization of $95.07 billion, a PE ratio of 19.45, a PEG ratio of 2.46 and a beta of 0.56. The company’s 50-day simple moving average is $70.45 and its two-hundred day simple moving average is $70.61. The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 0.60.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, January 30th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. Mondelez International had a net margin of 13.77% and a return on equity of 15.91%. The company had revenue of $9.31 billion for the quarter, compared to analysts’ expectations of $9.31 billion. During the same quarter last year, the business earned $0.73 EPS. The firm’s revenue was up 7.1% compared to the same quarter last year. Analysts expect that Mondelez International, Inc. will post 3.52 EPS for the current fiscal year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend was Wednesday, March 27th. Mondelez International’s payout ratio is currently 46.83%.

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.