Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Obermeyer Wood Investment Counsel Lllp

Obermeyer Wood Investment Counsel Lllp lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.6% in the fourth quarter, HoldingsChannel reports. The fund owned 9,043 shares of the company’s stock after selling 238 shares during the quarter. Obermeyer Wood Investment Counsel Lllp’s holdings in Mondelez International were worth $655,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Tyler Stone Wealth Management purchased a new stake in shares of Mondelez International in the 2nd quarter valued at approximately $25,000. Retirement Group LLC acquired a new position in shares of Mondelez International in the 4th quarter worth approximately $25,000. Carmel Capital Partners LLC acquired a new position in shares of Mondelez International in the 3rd quarter worth approximately $28,000. First Command Advisory Services Inc. acquired a new position in shares of Mondelez International in the 3rd quarter worth approximately $29,000. Finally, Orion Capital Management LLC acquired a new position in shares of Mondelez International in the 3rd quarter worth approximately $35,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Barclays decreased their price objective 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. JPMorgan Chase & Co. decreased their price objective on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Citigroup reduced their target price on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. Finally, Stifel Nicolaus increased their target price on shares of Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and an average price target of $80.89.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ traded up $0.66 during midday trading on Thursday, hitting $67.17. The stock had a trading volume of 8,692,753 shares, compared to its average volume of 7,586,421. The company has a market capitalization of $90.44 billion, a PE ratio of 18.41, a P/E/G ratio of 2.29 and a beta of 0.56. The stock has a 50 day moving average price of $70.86 and a two-hundred day moving average price of $70.47. 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, Inc. has a 1 year low of $60.75 and a 1 year high of $78.59.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, January 30th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.06. The business had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.31 billion. Mondelez International had a net margin of 13.77% and a return on equity of 15.91%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.73 earnings per share. As a group, equities analysts predict that Mondelez International, Inc. will post 3.52 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were issued a $0.425 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.70 dividend on an annualized basis and a yield of 2.53%. Mondelez International’s payout ratio is 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.