Mondelez International, Inc. $MDLZ Stake Lessened by Evelyn Partners Investment Management Services Ltd

Evelyn Partners Investment Management Services Ltd lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 10.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 136,948 shares of the company’s stock after selling 16,174 shares during the quarter. Evelyn Partners Investment Management Services Ltd’s holdings in Mondelez International were worth $7,894,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MDLZ. J.Safra Asset Management Corp bought a new stake in shares of Mondelez International in the 4th quarter worth approximately $25,000. Advocate Investing Services LLC acquired a new stake in Mondelez International in the fourth quarter worth approximately $25,000. Kemnay Advisory Services Inc. acquired a new stake in Mondelez International in the fourth quarter worth approximately $28,000. High Point Wealth Management LLC bought a new position in Mondelez International during the 4th quarter valued at $30,000. Finally, McIlrath & Eck LLC acquired a new position in shares of Mondelez International during the 4th quarter valued at $30,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MDLZ has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price objective on Mondelez International from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft lowered their target price on Mondelez International from $60.00 to $54.00 and set a “hold” rating on the stock in a report on Monday, March 30th. TD Cowen upped their price target on shares of Mondelez International from $65.00 to $67.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Bank of America raised their price objective on shares of Mondelez International from $62.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, April 10th. Finally, Freedom Capital cut shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $66.44.

Mondelez International Stock Up 0.2%

MDLZ stock opened at $60.67 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.54 and a quick ratio of 0.37. The firm has a market capitalization of $77.88 billion, a P/E ratio of 30.18, a P/E/G ratio of 2.51 and a beta of 0.39. Mondelez International, Inc. has a 52-week low of $51.20 and a 52-week high of $70.32. The company’s 50 day simple moving average is $60.86 and its 200-day simple moving average is $59.32.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.06. Mondelez International had a net margin of 6.64% and a return on equity of 14.14%. The firm had revenue of $10.08 billion for the quarter, compared to analysts’ expectations of $9.75 billion. During the same period in the previous year, the company posted $0.76 EPS. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Mondelez International, Inc. will post 3.04 EPS for the current year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. Mondelez International’s dividend payout ratio (DPR) is presently 99.50%.

Mondelez International Profile

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e?commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.