IHT Wealth Management LLC Sells 2,558 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

IHT Wealth Management LLC reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 30.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,900 shares of the company’s stock after selling 2,558 shares during the period. IHT Wealth Management LLC’s holdings in Mondelez International were worth $352,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of MDLZ. Marshall Investment Management LLC bought a new position in shares of Mondelez International during the 4th quarter worth approximately $26,000. Hager Investment Management Services LLC bought a new stake in Mondelez International during the 4th quarter worth about $27,000. Transce3nd LLC acquired a new position in shares of Mondelez International during the 4th quarter worth about $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Mondelez International during the 4th quarter worth about $31,000. Finally, McClarren Financial Advisors Inc. bought a new position in shares of Mondelez International in the 4th quarter valued at about $32,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Up 0.1 %

NASDAQ MDLZ opened at $65.59 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. The company has a market cap of $84.84 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 4.34 and a beta of 0.47. The company has a 50 day moving average of $65.85 and a 200-day moving average of $63.81. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. On average, equities research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.87%. The ex-dividend date was Monday, March 31st. Mondelez International’s dividend payout ratio is currently 54.97%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on MDLZ shares. Citigroup reduced their price target on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. The Goldman Sachs Group cut their price objective on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Evercore ISI boosted their target price on shares of Mondelez International from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday. Royal Bank of Canada dropped their price target on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. Finally, DA Davidson lowered shares of Mondelez International from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $66.00 to $68.00 in a research note on Thursday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $69.70.

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.