Contravisory Investment Management Inc. Has $350,000 Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Contravisory Investment Management Inc. trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 95.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 5,004 shares of the company’s stock after selling 96,429 shares during the period. Contravisory Investment Management Inc.’s holdings in Mondelez International were worth $350,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC acquired a new position in Mondelez International during the third quarter worth $180,000. LPL Financial LLC increased its position in shares of Mondelez International by 9.5% during the 3rd quarter. LPL Financial LLC now owns 1,143,370 shares of the company’s stock worth $79,350,000 after purchasing an additional 98,809 shares in the last quarter. Stifel Financial Corp lifted its holdings in Mondelez International by 6.5% during the 3rd quarter. Stifel Financial Corp now owns 979,815 shares of the company’s stock valued at $68,000,000 after purchasing an additional 60,081 shares during the last quarter. Cary Street Partners Investment Advisory LLC boosted its position in Mondelez International by 6.5% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 25,373 shares of the company’s stock valued at $1,761,000 after buying an additional 1,552 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. grew its stake in Mondelez International by 41.2% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 63,623 shares of the company’s stock worth $4,415,000 after buying an additional 18,580 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MDLZ has been the topic of several recent analyst reports. Barclays reduced their target price on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Evercore ISI decreased their target price on Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a report on Tuesday, June 4th. Citigroup cut their price target on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, April 11th. JPMorgan Chase & Co. lowered their target price on Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Finally, TD Cowen dropped their price target on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a research note on Thursday, June 6th. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $80.22.

Mondelez International Price Performance

NASDAQ MDLZ opened at $66.51 on Monday. The firm’s 50 day moving average is $68.86 and its 200-day moving average is $70.96. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $89.21 billion, a PE ratio of 21.11, a price-to-earnings-growth ratio of 2.53 and a beta of 0.54. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.89 by $0.06. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The company had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.16 billion. During the same quarter in the prior year, the firm posted $0.89 EPS. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. Equities research analysts anticipate that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.70 dividend on an annualized basis and a yield of 2.56%. Mondelez International’s dividend payout ratio (DPR) is 53.97%.

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.