Aprio Wealth Management LLC Sells 1,178 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Aprio Wealth Management LLC reduced its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 25.9% in the third quarter, HoldingsChannel reports. The firm owned 3,367 shares of the company’s stock after selling 1,178 shares during the period. Aprio Wealth Management LLC’s holdings in Mondelez International were worth $248,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Ables Iannone Moore & Associates Inc. bought a new stake in shares of Mondelez International during the fourth quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Mondelez International during the second quarter valued at approximately $26,000. Lynx Investment Advisory bought a new stake in shares of Mondelez International during the second quarter valued at approximately $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Mondelez International during the second quarter valued at approximately $29,000. Finally, Transcendent Capital Group LLC bought a new stake in shares of Mondelez International during the fourth quarter valued at approximately $34,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Down 0.2 %

MDLZ stock opened at $70.85 on Wednesday. The stock’s fifty day simple moving average is $72.14 and its two-hundred day simple moving average is $69.55. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $77.20. The stock has a market cap of $95.04 billion, a P/E ratio of 22.49, a P/E/G ratio of 3.02 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.07. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The business had revenue of $8.34 billion for the quarter, compared to analysts’ expectations of $8.45 billion. During the same quarter in the previous year, the firm earned $0.76 earnings per share. The business’s revenue was down 1.9% on a year-over-year basis. Analysts expect that Mondelez International, Inc. will post 3.49 EPS for the current year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date is Monday, September 30th. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio is currently 59.68%.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of several recent research reports. Stifel Nicolaus decreased their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, July 23rd. DA Davidson decreased their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Barclays decreased their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, July 19th. Evercore ISI upped their price target on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Finally, Sanford C. Bernstein decreased their price target on Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.65.

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.