Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Nilsine Partners LLC

Nilsine Partners LLC decreased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 11.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,594 shares of the company’s stock after selling 975 shares during the quarter. Nilsine Partners LLC’s holdings in Mondelez International were worth $515,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Amundi lifted its position in Mondelez International by 20.1% during the 4th quarter. Amundi now owns 2,856,534 shares of the company’s stock worth $166,507,000 after acquiring an additional 478,225 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of Mondelez International by 0.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 457,774 shares of the company’s stock worth $27,343,000 after purchasing an additional 4,121 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Mondelez International in the fourth quarter valued at approximately $336,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Mondelez International by 23.6% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 44,786 shares of the company’s stock worth $3,039,000 after buying an additional 8,544 shares during the period. Finally, Mn Services Vermogensbeheer B.V. increased its holdings in Mondelez International by 2.4% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 540,900 shares of the company’s stock worth $32,308,000 after buying an additional 12,900 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. DA Davidson cut shares of Mondelez International from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $66.00 to $68.00 in a research note on Thursday, April 24th. Morgan Stanley boosted their target price on shares of Mondelez International from $69.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, April 30th. Barclays increased their price target on Mondelez International from $71.00 to $74.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. lifted 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. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $69.00 target price on shares of Mondelez International in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $70.63.

Mondelez International Trading Up 3.0%

Shares of MDLZ stock opened at $68.31 on Friday. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The company has a market cap of $88.45 billion, a price-to-earnings ratio of 25.39, a PEG ratio of 5.29 and a beta of 0.48. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.61 and a quick ratio of 0.40. The stock has a 50 day simple moving average of $66.66 and a 200-day simple moving average of $63.55.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, topping 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 9.90% and a return on equity of 15.94%. The firm’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.93 EPS. On average, equities research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal 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. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.75%. Mondelez International’s dividend payout ratio is currently 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.