Raymond James Financial Services Advisors Inc. lifted its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 0.7% in the first quarter, Holdings Channel reports. The fund owned 240,744 shares of the company’s stock after purchasing an additional 1,706 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Mondelez International were worth $12,018,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in MDLZ. Canton Hathaway LLC bought a new stake in Mondelez International in the first quarter worth about $32,000. Exane Derivatives bought a new stake in Mondelez International in the fourth quarter worth about $33,000. Northwest Wealth Management LLC lifted its stake in Mondelez International by 355.4% in the fourth quarter. Northwest Wealth Management LLC now owns 838 shares of the company’s stock worth $34,000 after purchasing an additional 654 shares during the last quarter. Sontag Advisory LLC bought a new stake in Mondelez International in the fourth quarter worth about $34,000. Finally, Gemmer Asset Management LLC lifted its stake in Mondelez International by 101.4% in the first quarter. Gemmer Asset Management LLC now owns 709 shares of the company’s stock worth $35,000 after purchasing an additional 357 shares during the last quarter. 76.64% of the stock is owned by hedge funds and other institutional investors.

Several analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Mondelez International from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. ValuEngine downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. Piper Jaffray Companies set a $48.00 price objective on shares of Mondelez International and gave the stock a “buy” rating in a research note on Friday, April 5th. Credit Suisse Group raised their price objective on shares of Mondelez International from $50.00 to $59.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Finally, UBS Group raised their price objective on shares of Mondelez International to $56.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Mondelez International has an average rating of “Buy” and a consensus price target of $49.67.

In other news, EVP Gerhard W. Pleuhs sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $51.57, for a total transaction of $2,062,800.00. Following the transaction, the executive vice president now directly owns 110,308 shares of the company’s stock, valued at $5,688,583.56. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Alejandro Lorenzo sold 26,347 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $46.94, for a total transaction of $1,236,728.18. Following the transaction, the executive vice president now directly owns 59,320 shares in the company, valued at $2,784,480.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 71,842 shares of company stock worth $3,559,277. Corporate insiders own 1.50% of the company’s stock.

Shares of NASDAQ:MDLZ opened at $52.18 on Wednesday. The company has a market cap of $75.16 billion, a PE ratio of 21.47, a P/E/G ratio of 2.76 and a beta of 0.89. Mondelez International Inc has a one year low of $38.78 and a one year high of $52.98. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.33 and a current ratio of 0.48.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, April 30th. The company reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.04. The business had revenue of $6.54 billion for the quarter, compared to analyst estimates of $6.55 billion. Mondelez International had a net margin of 12.66% and a return on equity of 14.17%. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period last year, the company posted $0.62 earnings per share. Sell-side analysts anticipate that Mondelez International Inc will post 2.49 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Thursday, June 27th. Mondelez International’s dividend payout ratio (DPR) is presently 42.80%.

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Mondelez International Profile

Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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