Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Carret Asset Management LLC

Carret Asset Management LLC reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,531 shares of the company’s stock after selling 333 shares during the period. Carret Asset Management LLC’s holdings in Mondelez International were worth $1,437,000 as of its most recent SEC filing.

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

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $66.34 on Thursday. The company has a 50-day simple moving average of $68.71 and a 200-day simple moving average of $70.71. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $77.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.63 and a current ratio of 0.77. The stock has a market capitalization of $88.99 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 2.53 and a beta of 0.53.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The company had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.16 billion. During the same period last year, the firm earned $0.89 EPS. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, analysts predict that Mondelez International, Inc. will post 3.49 EPS for the current year.

Mondelez International Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have commented on MDLZ. Sanford C. Bernstein boosted their price target on shares of Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Wells Fargo & Company dropped their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, June 4th. 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. JPMorgan Chase & Co. dropped their price target on shares of 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, Citigroup lowered their target price on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.22.

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.