Synergy Asset Management LLC reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 67.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,177 shares of the company's stock after selling 29,837 shares during the quarter. Synergy Asset Management LLC's holdings in Mondelez International were worth $992,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its holdings in Mondelez International by 4.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company's stock valued at $2,636,897,000 after buying an additional 1,686,229 shares in the last quarter. Capital Research Global Investors grew its holdings in Mondelez International by 26.9% in the 4th quarter. Capital Research Global Investors now owns 30,291,001 shares of the company's stock valued at $2,193,977,000 after buying an additional 6,426,928 shares in the last quarter. Capital World Investors grew its holdings in Mondelez International by 2.2% in the 4th quarter. Capital World Investors now owns 21,562,411 shares of the company's stock valued at $1,561,765,000 after buying an additional 463,738 shares in the last quarter. Norges Bank purchased a new stake in Mondelez International in the 4th quarter valued at $1,231,413,000. Finally, Vontobel Asset Management Inc. grew its holdings in Mondelez International by 5.0% in the 4th quarter. Vontobel Asset Management Inc. now owns 9,884,399 shares of the company's stock valued at $753,108,000 after buying an additional 474,539 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.
Mondelez International Trading Up 1.2 %
MDLZ traded up $0.79 during mid-day trading on Tuesday, hitting $66.03. 9,996,569 shares of the stock were exchanged, compared to its average volume of 7,333,261. The firm's fifty day moving average is $68.80 and its two-hundred day moving average is $70.75. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $77.20. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 0.59. The company has a market cap of $88.57 billion, a PE ratio of 20.96, a PEG ratio of 2.51 and a beta of 0.53.
Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted 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. The company had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.16 billion. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. Mondelez International's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 EPS. Equities analysts forecast that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.
Mondelez International Dividend Announcement
The business 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 $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date is Friday, June 28th. Mondelez International's dividend payout ratio is currently 53.97%.
Analysts Set New Price Targets
MDLZ has been the subject of several analyst reports. Wells Fargo & Company dropped their target price on Mondelez International from $80.00 to $76.00 and set an "overweight" rating for the company in a report on Tuesday, June 4th. Evercore ISI lowered their price target on Mondelez International from $80.00 to $79.00 and set an "outperform" rating for the company in a report on Tuesday, June 4th. Barclays lowered their price target on Mondelez International from $84.00 to $80.00 and set an "overweight" rating for the company in a report on Friday, April 12th. JPMorgan Chase & Co. lowered their price target on Mondelez International from $82.00 to $76.00 and set an "overweight" rating for the company in a report on Friday, April 12th. Finally, Sanford C. Bernstein increased their price target on Mondelez International from $88.00 to $90.00 and gave the stock an "outperform" rating in a report on Wednesday, May 1st. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $80.22.
Check Out Our Latest Stock Analysis on Mondelez International
About Mondelez International
(
Free Report)
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.
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