Aviso Wealth Management Trims Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Aviso Wealth Management decreased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 13.2% during the first quarter, HoldingsChannel reports. The fund owned 13,746 shares of the company’s stock after selling 2,096 shares during the quarter. Aviso Wealth Management’s holdings in Mondelez International were worth $933,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in MDLZ. Abound Financial LLC purchased a new position in Mondelez International during the first quarter valued at approximately $25,000. Goodman Advisory Group LLC bought a new position in Mondelez International in the 1st quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Mondelez International by 376.1% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company’s stock valued at $30,000 after purchasing an additional 346 shares during the period. North Capital Inc. purchased a new position in shares of Mondelez International during the 1st quarter valued at $31,000. Finally, Orion Capital Management LLC purchased a new position in shares of Mondelez International during the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of Mondelez International stock opened at $63.93 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.40 and a current ratio of 0.64. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The company has a fifty day moving average of $67.73 and a 200-day moving average of $65.24. The stock has a market capitalization of $82.78 billion, a price-to-earnings ratio of 23.42, a price-to-earnings-growth ratio of 4.77 and a beta of 0.46.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.05. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The business had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $8.82 billion. During the same period in the previous year, the firm posted $0.86 earnings per share. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.00 annualized dividend and a yield of 3.1%. This is a boost from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s dividend payout ratio (DPR) is currently 68.86%.

Analyst Ratings Changes

A number of brokerages recently issued reports on MDLZ. JPMorgan Chase & Co. increased their price objective on Mondelez International from $64.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, April 11th. DA Davidson cut Mondelez International from a “buy” rating to a “neutral” rating and raised their price target for the company from $66.00 to $68.00 in a report on Thursday, April 24th. UBS Group dropped their price target on Mondelez International from $72.00 to $69.00 and set a “neutral” rating for the company in a research report on Thursday. Sanford C. Bernstein boosted their price objective on Mondelez International from $79.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Wells Fargo & Company upgraded shares of Mondelez International from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $68.00 to $78.00 in a research report on Friday, June 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and an average price target of $71.95.

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.