Stokes Family Office LLC Sells 313 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Stokes Family Office LLC trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,486 shares of the company’s stock after selling 313 shares during the period. Stokes Family Office LLC’s holdings in Mondelez International were worth $1,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its holdings in shares of Mondelez International by 4.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock valued at $2,636,897,000 after buying an additional 1,686,229 shares in the last quarter. Capital Research Global Investors grew its holdings in Mondelez International by 26.9% in the fourth quarter. Capital Research Global Investors now owns 30,291,001 shares of the company’s stock worth $2,193,977,000 after purchasing an additional 6,426,928 shares during the last quarter. Capital World Investors grew its holdings in Mondelez International by 2.2% in the fourth quarter. Capital World Investors now owns 21,562,411 shares of the company’s stock worth $1,561,765,000 after purchasing an additional 463,738 shares during the last quarter. Norges Bank acquired a new position in shares of Mondelez International during the fourth quarter worth $1,231,413,000. Finally, Vontobel Asset Management Inc. lifted its holdings in shares of Mondelez International by 5.0% during the 4th quarter. Vontobel Asset Management Inc. now owns 9,884,399 shares of the company’s stock valued at $753,108,000 after purchasing an additional 474,539 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

NASDAQ MDLZ traded up $0.04 during mid-day trading on Friday, reaching $65.36. 8,425,946 shares of the stock were exchanged, compared to its average volume of 7,302,952. Mondelez International, Inc. has a 1 year low of $60.75 and a 1 year high of $77.20. 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 company has a market capitalization of $87.67 billion, a P/E ratio of 20.75, a P/E/G ratio of 2.53 and a beta of 0.53. The business’s 50 day moving average is $68.00 and its 200-day moving average is $70.49.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The company had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.16 billion. During the same quarter in the prior year, the firm posted $0.89 EPS. Mondelez International’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, equities research analysts forecast that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be paid a $0.425 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.70 dividend on an annualized basis and a yield of 2.60%. Mondelez International’s dividend payout ratio is currently 53.97%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their target price on 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 cut their price objective on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Bank of America lowered their target price on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday. Wells Fargo & Company dropped their target price 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. Finally, Citigroup decreased their price target on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $80.33.

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.