OneDigital Investment Advisors LLC Decreases Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

OneDigital Investment Advisors LLC reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 20.4% during the first quarter, Holdings Channel.com reports. The firm owned 16,769 shares of the company’s stock after selling 4,301 shares during the period. OneDigital Investment Advisors LLC’s holdings in Mondelez International were worth $1,138,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Amundi grew its position in shares of Mondelez International by 20.1% in the 4th quarter. Amundi now owns 2,856,534 shares of the company’s stock worth $166,507,000 after buying an additional 478,225 shares during the last quarter. Kingswood Wealth Advisors LLC grew its stake in Mondelez International by 15.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company’s stock worth $527,000 after purchasing an additional 1,013 shares during the period. Commonwealth Equity Services LLC grew its stake in Mondelez International by 0.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 457,774 shares of the company’s stock worth $27,343,000 after purchasing an additional 4,121 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its stake in Mondelez International by 23.6% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 44,786 shares of the company’s stock worth $3,039,000 after purchasing an additional 8,544 shares during the period. Finally, Flagship Harbor Advisors LLC boosted its holdings in Mondelez International by 58.2% in the first quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company’s stock worth $738,000 after acquiring an additional 4,002 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Price Performance

Shares of MDLZ stock opened at $68.82 on Tuesday. The stock has a 50 day moving average price of $66.99 and a 200 day moving average price of $64.10. The firm has a market capitalization of $89.11 billion, a P/E ratio of 25.58, a P/E/G ratio of 5.35 and a beta of 0.48. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.40 and a current ratio of 0.61.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.07. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The business had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.37 billion. During the same period last year, the business posted $0.93 EPS. The business’s revenue was up .2% compared to the same quarter last year. As a group, sell-side analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be given a dividend of $0.47 per share. The ex-dividend date is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.73%. Mondelez International’s dividend payout ratio is currently 69.89%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Morgan Stanley boosted their target price on Mondelez International from $69.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, April 30th. Stifel Nicolaus upped their price objective on Mondelez International from $70.00 to $73.00 and gave the company a “buy” rating in a research report on Wednesday, April 30th. UBS Group upped their price target on Mondelez International from $60.00 to $69.00 and gave the stock a “neutral” rating in a research report on Thursday, April 17th. JPMorgan Chase & Co. upped their price target on Mondelez International from $64.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, April 11th. Finally, Wells Fargo & Company upgraded Mondelez International from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $68.00 to $78.00 in a research report on Friday, June 20th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.63.

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.