Davis R M Inc. Has $502,000 Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Davis R M Inc. trimmed its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 7,178 shares of the company’s stock after selling 194 shares during the period. Davis R M Inc.’s holdings in Mondelez International were worth $502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. BKM Wealth Management LLC acquired a new stake in shares of Mondelez International during the 4th quarter valued at about $505,000. Brookstone Capital Management boosted its position in shares of Mondelez International by 1.9% during the 4th quarter. Brookstone Capital Management now owns 8,675 shares of the company’s stock valued at $628,000 after acquiring an additional 164 shares in the last quarter. Advisor Resource Council acquired a new stake in shares of Mondelez International during the 4th quarter valued at about $422,000. Premier Path Wealth Partners LLC acquired a new stake in shares of Mondelez International during the 4th quarter valued at about $369,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Mondelez International during the 4th quarter valued at about $94,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Trading Down 0.7 %

Shares of MDLZ traded down $0.46 on Tuesday, reaching $66.08. 1,612,936 shares of the company’s stock were exchanged, compared to its average volume of 7,218,757. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $88.64 billion, a P/E ratio of 21.01, a price-to-earnings-growth ratio of 2.75 and a beta of 0.53. The business has a 50 day moving average price of $67.37 and a two-hundred day moving average price of $70.14. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted 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. The business had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.16 billion. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. Mondelez International’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.89 earnings per share. Research analysts anticipate that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend was Friday, June 28th. Mondelez International’s dividend payout ratio (DPR) is 53.97%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on MDLZ shares. Bank of America decreased their target price on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Wells Fargo & Company cut their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Tuesday, June 4th. Citigroup cut 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. Barclays cut their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Friday. Finally, TD Cowen cut their price target on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a report on Thursday, June 6th. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $79.39.

Mondelez International 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.