Midland Wealth Advisors LLC Sells 1,783 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Midland Wealth Advisors LLC decreased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 32.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,638 shares of the company’s stock after selling 1,783 shares during the period. Midland Wealth Advisors LLC’s holdings in Mondelez International were worth $247,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ICICI Prudential Asset Management Co Ltd lifted its stake in Mondelez International by 430.0% during the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company’s stock worth $5,520,000 after purchasing an additional 74,975 shares during the period. Buckingham Capital Management Inc. raised its stake in shares of Mondelez International by 25.5% in the fourth quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company’s stock valued at $5,578,000 after acquiring an additional 18,961 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Mondelez International by 1.4% in the fourth quarter. Rhumbline Advisers now owns 2,742,126 shares of the company’s stock valued at $163,787,000 after acquiring an additional 37,897 shares during the last quarter. Amundi raised its stake in shares of Mondelez International by 20.1% in the fourth quarter. Amundi now owns 2,856,534 shares of the company’s stock valued at $166,507,000 after acquiring an additional 478,225 shares during the last quarter. Finally, Quilter Plc raised its stake in shares of Mondelez International by 3.0% in the fourth quarter. Quilter Plc now owns 889,192 shares of the company’s stock valued at $53,111,000 after acquiring an additional 26,023 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on MDLZ shares. Wells Fargo & Company lifted their target price on shares of Mondelez International from $64.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 2nd. Barclays lifted their target price on shares of Mondelez International from $71.00 to $74.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. lifted their target price on shares of Mondelez International from $64.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, April 11th. Royal Bank of Canada reiterated an “outperform” rating and issued a $69.00 target price on shares of Mondelez International in a research note on Monday, April 28th. Finally, Evercore ISI lifted their target price on shares of Mondelez International from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.11.

Mondelez International Price Performance

Shares of MDLZ stock opened at $66.70 on Tuesday. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The firm has a market capitalization of $86.36 billion, a price-to-earnings ratio of 19.50, a price-to-earnings-growth ratio of 4.34 and a beta of 0.48. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The firm has a fifty day moving average of $66.44 and a 200-day moving average of $63.40.

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

Mondelez International Announces Dividend

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

Mondelez International Company Profile

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.