Wedmont Private Capital Sells 1,922 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Wedmont Private Capital trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 19.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,925 shares of the company’s stock after selling 1,922 shares during the period. Wedmont Private Capital’s holdings in Mondelez International were worth $531,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of MDLZ. Marshall Investment Management LLC purchased a new position in Mondelez International during the fourth quarter valued at $26,000. Transce3nd LLC purchased a new position in Mondelez International during the fourth quarter valued at $30,000. Orion Capital Management LLC purchased a new position in Mondelez International during the fourth quarter valued at $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in Mondelez International during the fourth quarter valued at $31,000. Finally, McClarren Financial Advisors Inc. purchased a new position in Mondelez International during the fourth quarter valued at $32,000. 78.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MDLZ has been the subject of several research analyst reports. Evercore ISI raised their target price on shares of Mondelez International from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, April 23rd. Mizuho lifted their price objective on shares of Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, February 14th. Morgan Stanley lifted their price objective on shares of Mondelez International from $69.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. lifted their price objective on shares of Mondelez International from $64.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, April 11th. Finally, Barclays lifted their price objective on shares of Mondelez International from $71.00 to $74.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and an average target price of $70.11.

Mondelez International Price Performance

MDLZ stock opened at $67.24 on Wednesday. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average price of $66.43 and a 200 day moving average price of $63.43. The stock has a market cap of $87.06 billion, a PE ratio of 19.66, a P/E/G ratio of 4.34 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $9.37 billion. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the business posted $0.93 EPS. Equities research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be given a $0.47 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 2.80%. Mondelez International’s dividend payout ratio (DPR) is 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.