Logan Capital Management Inc. Sells 24,373 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Logan Capital Management Inc. decreased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 9.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 229,916 shares of the company’s stock after selling 24,373 shares during the period. Logan Capital Management Inc.’s holdings in Mondelez International were worth $13,733,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in MDLZ. ORG Partners LLC boosted its position in shares of Mondelez International by 38.4% during the fourth quarter. ORG Partners LLC now owns 2,382 shares of the company’s stock valued at $142,000 after buying an additional 661 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Mondelez International by 0.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 494,282 shares of the company’s stock worth $29,523,000 after purchasing an additional 4,423 shares in the last quarter. ST Germain D J Co. Inc. raised its position in shares of Mondelez International by 9.6% during the 4th quarter. ST Germain D J Co. Inc. now owns 2,862 shares of the company’s stock valued at $171,000 after purchasing an additional 250 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in Mondelez International by 2.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 20,258 shares of the company’s stock worth $1,210,000 after buying an additional 496 shares during the period. Finally, Czech National Bank increased its stake in Mondelez International by 6.5% in the 4th quarter. Czech National Bank now owns 289,931 shares of the company’s stock worth $17,318,000 after buying an additional 17,815 shares in the last quarter. 78.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Mondelez International from $69.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, April 30th. UBS Group lifted their target price on Mondelez International from $60.00 to $69.00 and gave the stock a “neutral” rating in a report on Thursday, April 17th. Dbs Bank lowered Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. JPMorgan Chase & Co. lifted their price objective on shares of Mondelez International from $64.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, April 11th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $69.00 target price on shares of Mondelez International in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $70.55.

Mondelez International Trading Down 1.3%

Shares of NASDAQ MDLZ opened at $66.37 on Monday. 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 $85.94 billion, a PE ratio of 19.41, a PEG ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The stock has a fifty day simple moving average of $66.41 and a 200-day simple moving average of $63.49.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data 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 analyst estimates of $9.37 billion. During the same quarter last year, the firm posted $0.93 earnings per share. The business’s revenue for the quarter was up .2% compared to the same quarter last year. On average, equities analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

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

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.