Jacobs & Co. CA Decreases Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Jacobs & Co. CA lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.2% during the first quarter, HoldingsChannel.com reports. The fund owned 118,971 shares of the company’s stock after selling 3,980 shares during the quarter. Jacobs & Co. CA’s holdings in Mondelez International were worth $8,072,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC grew its position in Mondelez International by 215.3% during the fourth quarter. SG Americas Securities LLC now owns 18,961 shares of the company’s stock valued at $1,133,000 after buying an additional 12,948 shares during the period. Brighton Jones LLC boosted its stake in shares of Mondelez International by 92.4% during the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after acquiring an additional 7,025 shares during the last quarter. RFG Advisory LLC grew its position in shares of Mondelez International by 12.9% during the 4th quarter. RFG Advisory LLC now owns 5,417 shares of the company’s stock valued at $324,000 after acquiring an additional 619 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in shares of Mondelez International by 13.7% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 7,993 shares of the company’s stock worth $477,000 after purchasing an additional 965 shares in the last quarter. Finally, Union Bancaire Privee UBP SA bought a new position in Mondelez International in the 4th quarter worth $113,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Down 0.4%

NASDAQ MDLZ opened at $66.62 on Thursday. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The firm has a market capitalization of $86.26 billion, a price-to-earnings ratio of 19.48, a PEG ratio of 4.34 and a beta of 0.50. The company has a fifty day moving average of $66.39 and a two-hundred day moving average of $63.31.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.07. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The business had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.37 billion. During the same quarter last year, the firm earned $0.93 earnings per share. The firm’s quarterly revenue was up .2% compared to the same quarter last year. On average, analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date is Monday, June 30th. Mondelez International’s dividend payout ratio is currently 69.89%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Wells Fargo & Company upped their price target on Mondelez International from $64.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. boosted their price objective on Mondelez International from $64.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, April 11th. The Goldman Sachs Group decreased their target price on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Argus lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Piper Sandler increased their price objective on shares of Mondelez International from $59.00 to $64.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $70.55.

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.