Brookstone Capital Management Lowers Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Brookstone Capital Management lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 7.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,054 shares of the company’s stock after selling 621 shares during the quarter. Brookstone Capital Management’s holdings in Mondelez International were worth $564,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MDLZ. Insigneo Advisory Services LLC increased its holdings in shares of Mondelez International by 36.9% during the third quarter. Insigneo Advisory Services LLC now owns 6,366 shares of the company’s stock valued at $445,000 after acquiring an additional 1,716 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Mondelez International by 7.5% during the third quarter. AQR Capital Management LLC now owns 1,023,584 shares of the company’s stock valued at $71,037,000 after acquiring an additional 71,814 shares in the last quarter. Glenmede Trust Co. NA increased its holdings in shares of Mondelez International by 12.9% during the third quarter. Glenmede Trust Co. NA now owns 283,213 shares of the company’s stock valued at $19,655,000 after acquiring an additional 32,318 shares in the last quarter. Axxcess Wealth Management LLC increased its holdings in shares of Mondelez International by 116.0% during the third quarter. Axxcess Wealth Management LLC now owns 44,208 shares of the company’s stock valued at $3,068,000 after acquiring an additional 23,737 shares in the last quarter. Finally, Alps Advisors Inc. increased its holdings in shares of Mondelez International by 19.8% during the third quarter. Alps Advisors Inc. now owns 39,512 shares of the company’s stock valued at $2,742,000 after acquiring an additional 6,517 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Down 1.7 %

MDLZ stock opened at $65.44 on Monday. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $77.20. 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 stock has a market cap of $87.78 billion, a P/E ratio of 20.77, a PEG ratio of 2.51 and a beta of 0.54. The business’s 50-day moving average price is $68.89 and its 200-day moving average price is $70.78.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $9.16 billion. During the same period in the previous year, the firm earned $0.89 EPS. The firm’s revenue was up 1.4% compared to the same quarter last year. On average, equities research analysts forecast that Mondelez International, Inc. will post 3.48 EPS for the current year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be issued a $0.425 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.70 dividend on an annualized basis and a yield of 2.60%. Mondelez International’s dividend payout ratio is presently 53.97%.

Analyst Ratings Changes

Several brokerages have recently weighed in on MDLZ. JPMorgan Chase & Co. reduced their price target on Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Sanford C. Bernstein lifted their price objective on Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. TD Cowen reduced their price objective on Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a report on Thursday, June 6th. Citigroup reduced their price objective on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, April 11th. Finally, Barclays reduced their price objective on Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a report on Friday, April 12th. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and an average target price of $80.22.

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.