Waverly Advisors LLC Decreases Position in Mondelez International, Inc. $MDLZ

Waverly Advisors LLC trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 9.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 127,679 shares of the company’s stock after selling 13,150 shares during the period. Waverly Advisors LLC’s holdings in Mondelez International were worth $7,359,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MDLZ. OLD Republic International Corp increased its holdings in shares of Mondelez International by 156.6% in the fourth quarter. OLD Republic International Corp now owns 414,100 shares of the company’s stock valued at $22,291,000 after purchasing an additional 252,700 shares during the last quarter. Allstate Corp raised its holdings in shares of Mondelez International by 107.7% during the 4th quarter. Allstate Corp now owns 97,522 shares of the company’s stock worth $5,250,000 after acquiring an additional 50,562 shares during the period. VCI Wealth Management LLC purchased a new position in shares of Mondelez International during the 4th quarter worth $970,000. BNP Paribas Financial Markets boosted its position in shares of Mondelez International by 41.0% during the 4th quarter. BNP Paribas Financial Markets now owns 4,006,627 shares of the company’s stock valued at $215,677,000 after acquiring an additional 1,166,036 shares during the last quarter. Finally, PKO Investment Management Joint Stock Co grew its holdings in shares of Mondelez International by 115.0% in the fourth quarter. PKO Investment Management Joint Stock Co now owns 101,066 shares of the company’s stock valued at $5,440,000 after purchasing an additional 54,066 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Trading Up 0.2%

Shares of NASDAQ MDLZ opened at $60.67 on Tuesday. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $70.32. The company has a current ratio of 0.54, a quick ratio of 0.37 and a debt-to-equity ratio of 0.60. The stock has a fifty day simple moving average of $60.86 and a 200-day simple moving average of $59.32. The stock has a market capitalization of $77.88 billion, a PE ratio of 30.18, a PEG ratio of 2.51 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 28th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.06. Mondelez International had a return on equity of 14.14% and a net margin of 6.64%.The firm had revenue of $10.08 billion for the quarter, compared to analyst estimates of $9.75 billion. During the same quarter in the prior year, the company earned $0.76 EPS. Mondelez International’s revenue was up 8.2% on a year-over-year basis. On average, equities analysts forecast that Mondelez International, Inc. will post 3.04 earnings per share for the current year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th were paid 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 is 99.50%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MDLZ. Bank of America raised their price objective on shares of Mondelez International from $62.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, April 10th. JPMorgan Chase & Co. lifted their price target on shares of Mondelez International from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. TD Cowen increased their price objective on Mondelez International from $65.00 to $67.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft cut their target price on Mondelez International from $60.00 to $54.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Mondelez International in a research report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.44.

Mondelez International Company 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.