Pinnacle Wealth Planning Services Inc. Trims Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Pinnacle Wealth Planning Services Inc. cut its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 19.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,679 shares of the company’s stock after selling 1,564 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in Mondelez International were worth $468,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MDLZ. Norges Bank purchased a new position in shares of Mondelez International during the 4th quarter valued at approximately $1,231,413,000. Capital Research Global Investors increased its holdings in shares of Mondelez International by 26.9% during the 4th quarter. Capital Research Global Investors now owns 30,291,001 shares of the company’s stock valued at $2,193,977,000 after purchasing an additional 6,426,928 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Mondelez International by 152.3% during the 4th quarter. First Trust Advisors LP now owns 4,114,581 shares of the company’s stock valued at $298,019,000 after purchasing an additional 2,483,972 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings 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 valued at $2,636,897,000 after purchasing an additional 1,686,229 shares in the last quarter. Finally, First Financial Bankshares Inc purchased a new position in shares of Mondelez International during the 4th quarter valued at approximately $83,613,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Trading Down 0.7 %

Shares of MDLZ stock traded down $0.47 on Friday, hitting $66.45. 5,012,578 shares of the stock traded hands, compared to its average volume of 7,030,763. The firm’s 50-day moving average price is $67.47 and its two-hundred day moving average price is $70.21. 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 stock has a market capitalization of $89.13 billion, a PE ratio of 21.10, a PEG ratio of 2.75 and a beta of 0.53. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $77.20.

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

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were given a dividend of $0.425 per share. The ex-dividend date was Friday, June 28th. This represents a $1.70 annualized dividend and a dividend yield of 2.56%. Mondelez International’s payout ratio is 53.97%.

Wall Street Analyst Weigh In

MDLZ has been the subject of several recent research reports. Sanford C. Bernstein cut their target price on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a report on Wednesday. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday. Citigroup dropped their price target on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. Barclays dropped 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 note on Friday. Finally, TD Cowen dropped 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 note on Thursday, June 6th. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $79.72.

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.