SeaCrest Wealth Management LLC Sells 5,743 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

SeaCrest Wealth Management LLC trimmed its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 32.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,908 shares of the company’s stock after selling 5,743 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Mondelez International were worth $834,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MDLZ. Alps Advisors Inc. boosted its holdings in Mondelez International by 19.8% in the third quarter. Alps Advisors Inc. now owns 39,512 shares of the company’s stock worth $2,742,000 after acquiring an additional 6,517 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its holdings in Mondelez International by 19.3% in the third quarter. Adage Capital Partners GP L.L.C. now owns 1,570,397 shares of the company’s stock worth $108,986,000 after acquiring an additional 254,250 shares in the last quarter. Lakeshore Financial Planning Inc. bought a new stake in Mondelez International in the third quarter worth $435,000. Scotia Capital Inc. boosted its holdings in Mondelez International by 8.7% in the third quarter. Scotia Capital Inc. now owns 103,224 shares of the company’s stock worth $7,165,000 after acquiring an additional 8,295 shares in the last quarter. Finally, Royal London Asset Management Ltd. raised its stake in shares of Mondelez International by 5.5% in the third quarter. Royal London Asset Management Ltd. now owns 533,502 shares of the company’s stock worth $37,033,000 after purchasing an additional 27,957 shares during the last quarter. 78.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Barclays decreased their price target on Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. JPMorgan Chase & Co. decreased their price target 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. Citigroup decreased their price target on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. Wells Fargo & Company decreased their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, June 4th. Finally, Sanford C. Bernstein boosted their price target on Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and a consensus price target of $80.22.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $66.34 on Thursday. The firm has a market cap of $88.99 billion, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of 2.51 and a beta of 0.53. 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 business has a 50-day moving average price of $68.71 and a 200-day moving average price of $70.71. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $9.16 billion. During the same period in the prior year, the company earned $0.89 earnings per share. The firm’s revenue was up 1.4% on a year-over-year basis. As a group, equities research analysts predict that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Announces Dividend

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