Bar Harbor Wealth Management lowered its stake in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 2.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,180 shares of the company’s stock after selling 150 shares during the quarter. Bar Harbor Wealth Management’s holdings in Mondelez International were worth $351,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of MDLZ. Brighton Jones LLC lifted its holdings in Mondelez International by 92.4% in the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after purchasing an additional 7,025 shares during the period. Stonebridge Financial Group LLC acquired a new stake in Mondelez International in the 4th quarter valued at about $67,000. Leavell Investment Management Inc. lifted its holdings in Mondelez International by 5.3% in the 4th quarter. Leavell Investment Management Inc. now owns 11,602 shares of the company’s stock valued at $698,000 after acquiring an additional 580 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Mondelez International by 32.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 975,063 shares of the company’s stock valued at $58,026,000 after acquiring an additional 236,705 shares during the last quarter. Finally, Naples Global Advisors LLC lifted its holdings in Mondelez International by 9.9% in the 4th quarter. Naples Global Advisors LLC now owns 3,862 shares of the company’s stock valued at $232,000 after acquiring an additional 348 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on MDLZ. Barclays upped their price target on shares of Mondelez International from $71.00 to $74.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Mizuho upped their price target on shares of Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, February 14th. UBS Group upped their price target on shares of Mondelez International from $60.00 to $69.00 and gave the company a “neutral” rating in a report on Thursday, April 17th. JPMorgan Chase & Co. upped their price target on shares of Mondelez International from $64.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, April 11th. Finally, Argus downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and an average price target of $70.11.
Mondelez International Price Performance
Shares of MDLZ opened at $66.93 on Friday. The company has a market capitalization of $86.66 billion, a price-to-earnings ratio of 19.57, a P/E/G ratio of 4.34 and a beta of 0.48. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The business’s 50-day moving average is $66.56 and its 200-day moving average is $63.49.
Mondelez International (NASDAQ:MDLZ – Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.07. The company had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.37 billion. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.93 EPS. Equities research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.
Mondelez International Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be issued a $0.47 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.81%. Mondelez International’s dividend payout ratio is 69.89%.
About Mondelez International
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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