Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 32.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,908 shares of the company’s stock after selling 5,743 shares during the period. SeaCrest Wealth Management LLC’s holdings in Mondelez International were worth $834,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale boosted its holdings in shares of Mondelez International by 5.1% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 2,480,235 shares of the company’s stock worth $179,520,000 after purchasing an additional 120,665 shares during the last quarter. Handelsinvest Investeringsforvaltning acquired a new position in shares of Mondelez International during the 4th quarter worth approximately $1,650,000. SageView Advisory Group LLC acquired a new position in shares of Mondelez International during the 4th quarter worth approximately $907,000. AGF Management Ltd. boosted its holdings in shares of Mondelez International by 32.9% during the 4th quarter. AGF Management Ltd. now owns 1,735,233 shares of the company’s stock worth $125,683,000 after purchasing an additional 429,936 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC boosted its holdings in shares of Mondelez International by 4.7% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 38,518 shares of the company’s stock worth $2,789,000 after purchasing an additional 1,713 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Up 0.5 %

Shares of NASDAQ MDLZ opened at $66.34 on Thursday. The firm has a market cap of $88.99 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 2.51 and a beta of 0.53. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $77.20. The business’s 50 day moving average is $68.71 and its two-hundred day moving average is $70.71.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. 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 company earned $0.89 earnings per share. The company’s revenue was up 1.4% on a year-over-year basis. Research analysts predict that Mondelez International, Inc. will post 3.49 EPS for the current year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend is Friday, June 28th. Mondelez International’s dividend payout ratio is currently 53.97%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MDLZ. Wells Fargo & Company lowered their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Tuesday, June 4th. TD Cowen decreased their price objective on Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a report on Thursday, June 6th. JPMorgan Chase & Co. decreased their price objective on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Barclays decreased their price objective on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Finally, Evercore ISI decreased their price objective on Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a report on Tuesday, June 4th. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and an average target price of $80.22.

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.