Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC cut its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 14,980 shares of the company’s stock after selling 351 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in Mondelez International were worth $1,085,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of MDLZ. Trust Co. of Toledo NA OH boosted its holdings in Mondelez International by 20.5% in the 3rd quarter. Trust Co. of Toledo NA OH now owns 13,712 shares of the company’s stock valued at $952,000 after purchasing an additional 2,330 shares during the last quarter. Charles Schwab Trust Co boosted its holdings in Mondelez International by 10.5% in the 3rd quarter. Charles Schwab Trust Co now owns 3,042 shares of the company’s stock valued at $211,000 after purchasing an additional 289 shares during the last quarter. Golden State Equity Partners boosted its holdings in Mondelez International by 6.4% in the 3rd quarter. Golden State Equity Partners now owns 4,667 shares of the company’s stock valued at $324,000 after purchasing an additional 281 shares during the last quarter. Avestar Capital LLC boosted its holdings in Mondelez International by 18.3% in the 3rd quarter. Avestar Capital LLC now owns 4,350 shares of the company’s stock valued at $302,000 after purchasing an additional 673 shares during the last quarter. Finally, Atlantic Union Bankshares Corp boosted its holdings in Mondelez International by 6.2% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 79,371 shares of the company’s stock valued at $5,508,000 after purchasing an additional 4,657 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Performance

Shares of MDLZ stock traded down $0.19 during mid-day trading on Friday, hitting $70.61. The stock had a trading volume of 7,145,125 shares, compared to its average volume of 9,491,838. Mondelez International, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $78.59. The firm has a market cap of $95.07 billion, a PE ratio of 19.45, a PEG ratio of 2.46 and a beta of 0.56. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.62 and a quick ratio of 0.43. The company’s 50-day simple moving average is $70.45 and its 200-day simple moving average is $70.66.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. The business had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.31 billion. Mondelez International had a net margin of 13.77% and a return on equity of 15.91%. The business’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.73 EPS. Sell-side analysts anticipate that Mondelez International, Inc. will post 3.52 earnings per share for the current year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.425 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.70 annualized dividend and a yield of 2.41%. Mondelez International’s dividend payout ratio (DPR) is currently 46.83%.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of a number of research analyst reports. Barclays reduced their price target on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Stifel Nicolaus boosted their price target on shares of Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. JPMorgan Chase & Co. reduced their price target on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Finally, StockNews.com downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $80.89.

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.