Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Kowal Investment Group LLC

Kowal Investment Group LLC lowered its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 14.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,836 shares of the company’s stock after selling 800 shares during the period. Kowal Investment Group LLC’s holdings in Mondelez International were worth $339,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in MDLZ. Norges Bank acquired a new stake in Mondelez International during the 4th quarter valued at $1,231,413,000. Capital Research Global Investors grew its holdings in Mondelez International by 26.9% during the 4th quarter. Capital Research Global Investors now owns 30,291,001 shares of the company’s stock valued at $2,193,977,000 after purchasing an additional 6,426,928 shares in the last quarter. First Trust Advisors LP grew its holdings in Mondelez International by 152.3% during the 4th quarter. First Trust Advisors LP now owns 4,114,581 shares of the company’s stock valued at $298,019,000 after purchasing an additional 2,483,972 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Mondelez International by 4.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock valued at $2,636,897,000 after purchasing an additional 1,686,229 shares in the last quarter. Finally, First Financial Bankshares Inc acquired a new stake in Mondelez International during the 4th quarter valued at $83,613,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on MDLZ. Wells Fargo & Company lowered 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. Evercore ISI reduced their price objective on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 4th. Citigroup reduced their price objective on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. Sanford C. Bernstein increased their price objective on shares of Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Finally, TD Cowen reduced their price objective on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a research note on Thursday, June 6th. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and an average target price of $80.22.

Mondelez International Stock Down 0.3 %

MDLZ stock opened at $65.24 on Tuesday. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $77.20. The firm’s 50-day simple moving average is $68.89 and its 200 day simple moving average is $70.78. The stock has a market cap of $87.51 billion, a PE ratio of 20.71, a price-to-earnings-growth ratio of 2.51 and a beta of 0.53.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $9.16 billion. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 EPS. As a group, sell-side analysts predict that Mondelez International, Inc. will post 3.48 EPS for the current year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Friday, June 28th. Mondelez International’s payout ratio is 53.97%.

About Mondelez International

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.