WealthPlan Investment Management LLC Sells 92,246 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

WealthPlan Investment Management LLC trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZFree Report) by 94.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,919 shares of the company’s stock after selling 92,246 shares during the period. WealthPlan Investment Management LLC’s holdings in Mondelez International were worth $411,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Asio Capital LLC increased its stake in Mondelez International by 3.7% during the 2nd quarter. Asio Capital LLC now owns 3,894 shares of the company’s stock valued at $284,000 after purchasing an additional 139 shares in the last quarter. Hancock Whitney Corp boosted its stake in Mondelez International by 2.6% during the 1st quarter. Hancock Whitney Corp now owns 5,553 shares of the company’s stock valued at $388,000 after purchasing an additional 143 shares during the last quarter. Jackson Grant Investment Advisers Inc. boosted its stake in Mondelez International by 5.4% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 2,821 shares of the company’s stock valued at $206,000 after purchasing an additional 145 shares during the last quarter. Oak Hill Wealth Advisors LLC boosted its stake in Mondelez International by 5.0% during the 3rd quarter. Oak Hill Wealth Advisors LLC now owns 3,130 shares of the company’s stock valued at $217,000 after purchasing an additional 149 shares during the last quarter. Finally, Tortoise Investment Management LLC boosted its stake in Mondelez International by 6.6% during the 2nd quarter. Tortoise Investment Management LLC now owns 2,426 shares of the company’s stock valued at $177,000 after purchasing an additional 150 shares during the last quarter. 76.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Bank of America lowered their target price on shares of Mondelez International from $82.00 to $78.00 and set a “buy” rating on the stock in a research note on Tuesday, October 17th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Stifel Nicolaus boosted their target price on shares of Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Citigroup started coverage on shares of Mondelez International in a research note on Thursday, February 1st. They set a “buy” rating and a $87.00 target price for the company. Finally, StockNews.com lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $81.37.

Read Our Latest Research Report on MDLZ

Mondelez International Stock Performance

Shares of NASDAQ MDLZ opened at $73.17 on Monday. The stock has a market cap of $99.58 billion, a PE ratio of 20.16, a price-to-earnings-growth ratio of 2.50 and a beta of 0.58. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.62 and a quick ratio of 0.43. The firm has a fifty day moving average price of $72.99 and a 200-day moving average price of $70.80. Mondelez International, Inc. has a 1 year low of $60.75 and a 1 year high of $78.59.

Mondelez International (NASDAQ:MDLZGet Free Report) last released its quarterly earnings data on Tuesday, January 30th. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. The firm had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.31 billion. During the same quarter in the prior year, the company posted $0.73 earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. Equities analysts anticipate that Mondelez International, Inc. will post 3.51 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 11th. Investors of record on Thursday, March 28th will be given a $0.425 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.32%. Mondelez International’s dividend payout ratio is currently 46.83%.

About Mondelez International

(Free Report)

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.

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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