Hexagon Capital Partners LLC Has $125,000 Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Hexagon Capital Partners LLC lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 8.8% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,783 shares of the company’s stock after selling 172 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Mondelez International were worth $125,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its stake in shares of Mondelez International by 4.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock worth $2,636,897,000 after buying an additional 1,686,229 shares during the last quarter. Capital Research Global Investors increased its position in Mondelez International by 26.9% during the fourth quarter. Capital Research Global Investors now owns 30,291,001 shares of the company’s stock worth $2,193,977,000 after acquiring an additional 6,426,928 shares during the period. Capital World Investors increased its position in Mondelez International by 2.2% during the fourth quarter. Capital World Investors now owns 21,562,411 shares of the company’s stock worth $1,561,765,000 after acquiring an additional 463,738 shares during the period. Norges Bank bought a new position in Mondelez International during the fourth quarter worth about $1,231,413,000. Finally, Vontobel Asset Management Inc. increased its position in Mondelez International by 5.0% during the fourth quarter. Vontobel Asset Management Inc. now owns 9,884,399 shares of the company’s stock worth $753,108,000 after acquiring an additional 474,539 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of Mondelez International stock traded down $0.20 during midday trading on Monday, hitting $65.24. 6,767,737 shares of the company traded hands, compared to its average volume of 7,313,231. The stock has a market cap of $87.51 billion, a price-to-earnings ratio of 20.71, a PEG ratio of 2.51 and a beta of 0.53. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.63 and a current ratio of 0.77. The firm’s fifty day moving average price is $68.89 and its 200-day moving average price is $70.78. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.89 by $0.06. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The business had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.16 billion. During the same period last year, the company earned $0.89 EPS. The firm’s revenue was up 1.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be given a dividend of $0.425 per share. The ex-dividend date is Friday, June 28th. This represents a $1.70 annualized dividend and a yield of 2.61%. Mondelez International’s dividend payout ratio is presently 53.97%.

Analyst Ratings Changes

A number of equities analysts recently commented on MDLZ shares. Evercore ISI lowered their price target on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 4th. JPMorgan Chase & Co. lowered their price target on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Barclays lowered their price target on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. TD Cowen lowered their price target on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a research report on Thursday, June 6th. Finally, Wells Fargo & Company lowered their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 4th. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $80.22.

Mondelez International 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.