Prentice Wealth Management LLC Sells 289 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Prentice Wealth Management LLC lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 6.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 4,340 shares of the company’s stock after selling 289 shares during the quarter. Prentice Wealth Management LLC’s holdings in Mondelez International were worth $294,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MDLZ. Marshall Investment Management LLC bought a new stake in shares of Mondelez International in the fourth quarter valued at approximately $26,000. Orion Capital Management LLC bought a new position in Mondelez International in the 4th quarter worth approximately $30,000. Transce3nd LLC purchased a new position in Mondelez International in the 4th quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in Mondelez International during the 4th quarter valued at $31,000. Finally, Sierra Ocean LLC purchased a new stake in shares of Mondelez International during the fourth quarter worth $32,000. 78.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MDLZ. Royal Bank of Canada reiterated an “outperform” rating and issued a $69.00 price target on shares of Mondelez International in a research report on Monday, April 28th. Argus downgraded Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. UBS Group upped their price target on Mondelez International from $60.00 to $69.00 and gave the company a “neutral” rating in a research report on Thursday, April 17th. Piper Sandler increased their price target on shares of Mondelez International from $59.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, April 9th. Finally, DA Davidson cut shares of Mondelez International from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $66.00 to $68.00 in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $70.11.

Mondelez International Trading Down 1.7%

NASDAQ MDLZ opened at $66.93 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The stock’s 50-day simple moving average is $66.56 and its two-hundred day simple moving average is $63.47. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The company has a market capitalization of $86.66 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 4.34 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.67 by $0.07. The firm had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The company’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company earned $0.93 EPS. Research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date is Monday, June 30th. Mondelez International’s payout ratio is currently 69.89%.

About Mondelez International

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.