Mondelez International, Inc. (NASDAQ:MDLZ) Position Trimmed by EP Wealth Advisors LLC

EP Wealth Advisors LLC trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,413 shares of the company’s stock after selling 569 shares during the period. EP Wealth Advisors LLC’s holdings in Mondelez International were worth $1,578,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MDLZ. CoreCap Advisors LLC lifted its holdings in Mondelez International by 270.4% in the fourth quarter. CoreCap Advisors LLC now owns 39,239 shares of the company’s stock worth $2,344,000 after acquiring an additional 28,644 shares during the last quarter. Brooks Moore & Associates Inc. raised its position in shares of Mondelez International by 1.3% during the 4th quarter. Brooks Moore & Associates Inc. now owns 23,755 shares of the company’s stock worth $1,419,000 after purchasing an additional 300 shares during the period. Bulltick Wealth Management LLC bought a new stake in shares of Mondelez International in the 4th quarter worth approximately $2,321,000. Captrust Financial Advisors boosted its position in Mondelez International by 0.4% during the 4th quarter. Captrust Financial Advisors now owns 179,458 shares of the company’s stock valued at $10,719,000 after purchasing an additional 713 shares during the period. Finally, Cary Street Partners Financial LLC bought a new position in Mondelez International during the 4th quarter worth $1,078,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Trading Down 1.3 %

Shares of MDLZ opened at $66.37 on Friday. The business’s 50-day moving average price is $66.41 and its 200 day moving average price is $63.58. 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 stock has a market capitalization of $85.85 billion, a P/E ratio of 19.41, a P/E/G ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.67 by $0.07. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The business had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.37 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis. Analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 31st were issued a $0.47 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.83%. Mondelez International’s dividend payout ratio is 69.89%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MDLZ shares. Morgan Stanley boosted their price target on shares of Mondelez International from $69.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, April 30th. Mizuho boosted their target price on shares of Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, February 14th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Wednesday, January 22nd. Argus downgraded Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Piper Sandler raised their target price on Mondelez International from $59.00 to $64.00 and gave the company a “neutral” rating in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $70.55.

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.