Stamos Capital Partners L.P. Sells 7,160 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Stamos Capital Partners L.P. trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 16.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,300 shares of the company’s stock after selling 7,160 shares during the period. Stamos Capital Partners L.P.’s holdings in Mondelez International were worth $2,557,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Capital Research Global Investors grew its holdings in shares of Mondelez International by 26.9% in the fourth quarter. Capital Research Global Investors now owns 30,291,001 shares of the company’s stock worth $2,193,977,000 after purchasing an additional 6,426,928 shares during the last quarter. Capital World Investors grew its stake in Mondelez International by 2.2% in the 4th quarter. Capital World Investors now owns 21,562,411 shares of the company’s stock worth $1,561,765,000 after acquiring an additional 463,738 shares in the last quarter. Northern Trust Corp increased its position in shares of Mondelez International by 1.8% during the third quarter. Northern Trust Corp now owns 17,099,636 shares of the company’s stock worth $1,186,715,000 after acquiring an additional 303,965 shares during the period. Norges Bank bought a new stake in shares of Mondelez International during the fourth quarter valued at approximately $1,231,413,000. Finally, Invesco Ltd. raised its stake in shares of Mondelez International by 9.2% during the third quarter. Invesco Ltd. now owns 7,721,800 shares of the company’s stock valued at $535,893,000 after acquiring an additional 648,270 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MDLZ. Barclays decreased their target price on Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Evercore ISI decreased their price objective on Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a report on Tuesday, June 4th. Sanford C. Bernstein increased their target price on shares of Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Citigroup reduced their price target on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, April 11th. Finally, TD Cowen dropped their price objective on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a research note on Thursday. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $80.22.

Mondelez International Stock Down 0.6 %

Shares of MDLZ traded down $0.38 during mid-day trading on Friday, hitting $67.81. 4,189,126 shares of the company traded hands, compared to its average volume of 5,101,243. The company has a market capitalization of $90.96 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 2.51 and a beta of 0.54. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. The business has a 50 day moving average of $69.16 and a 200 day moving average of $71.30. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The business had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.16 billion. During the same quarter in the prior year, the business posted $0.89 EPS. Mondelez International’s revenue for the quarter was up 1.4% compared to the same quarter last year. Equities research analysts anticipate that Mondelez International, Inc. will post 3.49 EPS for the current year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.70 dividend on an annualized basis and a yield of 2.51%. Mondelez International’s dividend payout ratio is currently 53.97%.

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.