Abbrea Capital LLC Decreases Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Abbrea Capital LLC trimmed its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,719 shares of the company’s stock after selling 501 shares during the period. Abbrea Capital LLC’s holdings in Mondelez International were worth $2,019,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Murphy Middleton Hinkle & Parker Inc. lifted its holdings in Mondelez International by 3.9% during the fourth quarter. Murphy Middleton Hinkle & Parker Inc. now owns 3,651 shares of the company’s stock valued at $264,000 after purchasing an additional 136 shares in the last quarter. Cobblestone Asset Management LLC lifted its holdings in Mondelez International by 2.8% during the fourth quarter. Cobblestone Asset Management LLC now owns 4,982 shares of the company’s stock valued at $361,000 after purchasing an additional 138 shares in the last quarter. Graypoint LLC lifted its holdings in Mondelez International by 1.1% during the fourth quarter. Graypoint LLC now owns 12,281 shares of the company’s stock valued at $890,000 after purchasing an additional 138 shares in the last quarter. Beacon Capital Management LLC lifted its holdings in Mondelez International by 15.9% during the fourth quarter. Beacon Capital Management LLC now owns 1,019 shares of the company’s stock valued at $71,000 after purchasing an additional 140 shares in the last quarter. Finally, Clear Harbor Asset Management LLC lifted its stake in shares of Mondelez International by 1.9% in the fourth quarter. Clear Harbor Asset Management LLC now owns 7,632 shares of the company’s stock worth $553,000 after buying an additional 140 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Trading Down 0.3 %

Shares of MDLZ traded down $0.19 during trading on Friday, reaching $70.61. 6,938,889 shares of the company traded hands, compared to its average volume of 7,907,608. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $78.59. The stock has a market cap of $95.07 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 2.48 and a beta of 0.56. The stock has a 50-day simple moving average of $70.48 and a 200-day simple moving average of $70.57. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 0.60.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. Mondelez International had a net margin of 13.77% and a return on equity of 15.91%. The business had revenue of $9.31 billion during the quarter, compared to analysts’ expectations of $9.31 billion. During the same period last year, the business earned $0.73 earnings per share. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, 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 disclosed a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend was Wednesday, March 27th. Mondelez International’s dividend payout ratio (DPR) is currently 46.83%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MDLZ shares. Barclays decreased 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. Citigroup decreased their price target 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. Deutsche Bank Aktiengesellschaft raised their price target on shares of Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. JPMorgan Chase & Co. decreased 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, Stifel Nicolaus raised their price target on shares of Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $80.89.

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.