Patriot Investment Management Group Inc. Cuts Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Patriot Investment Management Group Inc. lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 7.0% during the first quarter, HoldingsChannel.com reports. The firm owned 4,175 shares of the company’s stock after selling 312 shares during the period. Patriot Investment Management Group Inc.’s holdings in Mondelez International were worth $283,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of MDLZ. Brighton Jones LLC raised its stake in Mondelez International by 92.4% during the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after purchasing an additional 7,025 shares during the period. Stephens Inc. AR raised its stake in Mondelez International by 2.0% during the fourth quarter. Stephens Inc. AR now owns 26,571 shares of the company’s stock worth $1,587,000 after purchasing an additional 527 shares during the period. Stonebridge Financial Group LLC purchased a new position in shares of Mondelez International in the 4th quarter valued at $67,000. Quent Capital LLC raised its stake in shares of Mondelez International by 26.9% in the 4th quarter. Quent Capital LLC now owns 3,867 shares of the company’s stock valued at $231,000 after acquiring an additional 820 shares during the period. Finally, Leavell Investment Management Inc. raised its stake in shares of Mondelez International by 5.3% in the 4th quarter. Leavell Investment Management Inc. now owns 11,602 shares of the company’s stock valued at $698,000 after acquiring an additional 580 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of MDLZ stock opened at $68.12 on Friday. The firm has a market cap of $88.20 billion, a P/E ratio of 19.92, a P/E/G ratio of 4.34 and a beta of 0.48. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The firm has a fifty day moving average of $66.50 and a two-hundred day moving average of $63.47.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.07. The company had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.37 billion. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the business earned $0.93 EPS. As a group, research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.76%. The ex-dividend date is Monday, June 30th. Mondelez International’s dividend payout ratio (DPR) is presently 69.89%.

Analysts Set New Price Targets

MDLZ has been the topic of a number of research reports. Stifel Nicolaus raised their target price on shares of Mondelez International from $70.00 to $73.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. Piper Sandler raised their target price on shares of Mondelez International from $59.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, April 9th. Barclays raised their target price on shares of Mondelez International from $71.00 to $74.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Argus downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Mizuho raised 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. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $70.11.

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.