Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Advocate Group LLC

Advocate Group LLC lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 31.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,925 shares of the company’s stock after selling 3,700 shares during the quarter. Advocate Group LLC’s holdings in Mondelez International were worth $538,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of MDLZ. Brighton Jones LLC grew its stake in shares of Mondelez International by 92.4% in the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after purchasing an additional 7,025 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in Mondelez International by 1.1% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 334,994 shares of the company’s stock worth $20,009,000 after buying an additional 3,706 shares in the last quarter. Principal Securities Inc. grew its position in Mondelez International by 12.3% in the fourth quarter. Principal Securities Inc. now owns 15,006 shares of the company’s stock worth $896,000 after buying an additional 1,639 shares during the last quarter. D.A. Davidson & CO. increased its holdings in shares of Mondelez International by 11.4% in the fourth quarter. D.A. Davidson & CO. now owns 59,901 shares of the company’s stock valued at $3,578,000 after buying an additional 6,154 shares in the last quarter. Finally, Private Advisor Group LLC increased its holdings in shares of Mondelez International by 4.8% in the fourth quarter. Private Advisor Group LLC now owns 65,672 shares of the company’s stock valued at $3,923,000 after buying an additional 2,985 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Up 3.0%

Mondelez International stock opened at $68.31 on Friday. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.61. The stock has a market cap of $88.45 billion, a P/E ratio of 25.39, a P/E/G ratio of 5.14 and a beta of 0.48. The company’s fifty day simple moving average is $66.66 and its 200-day simple moving average is $63.55.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating 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 firm had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.37 billion. During the same quarter in the previous year, the company posted $0.93 earnings per share. The business’s quarterly revenue was up .2% compared to the same quarter last year. As a group, sell-side analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The company also recently disclosed 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 2.75%. Mondelez International’s dividend payout ratio is currently 69.89%.

Analyst Upgrades and Downgrades

MDLZ has been the topic of a number of recent research reports. Royal Bank Of Canada restated an “outperform” rating and issued a $69.00 target price on shares of Mondelez International in a report on Monday, April 28th. Piper Sandler lifted their price target on Mondelez International from $59.00 to $64.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 9th. DA Davidson downgraded Mondelez International from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $66.00 to $68.00 in a report on Thursday, April 24th. UBS Group raised their target price on shares of Mondelez International from $60.00 to $69.00 and gave the stock a “neutral” rating in a report on Thursday, April 17th. Finally, Barclays lifted their target price on shares of Mondelez International from $71.00 to $74.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $70.63.

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.