Legacy Capital Wealth Partners LLC Has $1.09 Million Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Legacy Capital Wealth Partners LLC lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,980 shares of the company’s stock after selling 351 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in Mondelez International were worth $1,085,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MDLZ. Carmel Capital Partners LLC bought a new stake in Mondelez International in the third quarter valued at about $28,000. First Command Advisory Services Inc. bought a new stake in Mondelez International in the third quarter valued at about $29,000. Orion Capital Management LLC bought a new stake in Mondelez International in the third quarter valued at about $35,000. Legacy Financial Group LLC bought a new stake in Mondelez International in the third quarter valued at about $45,000. Finally, Milestone Investment Advisors LLC bought a new stake in shares of Mondelez International in the third quarter worth about $56,000. Institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

MDLZ has been the subject of several recent analyst reports. Barclays lowered their price target on Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a report on Friday, April 12th. StockNews.com cut Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Citigroup lowered their price objective on Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. Stifel Nicolaus raised their price objective on Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and a consensus target price of $80.89.

Mondelez International Trading Down 0.3 %

MDLZ traded down $0.19 during midday trading on Friday, hitting $70.61. 7,145,125 shares of the company were exchanged, compared to its average volume of 9,491,838. The firm has a market capitalization of $95.07 billion, a P/E ratio of 19.45, a P/E/G ratio of 2.46 and a beta of 0.56. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $78.59. The firm’s 50 day moving average price is $70.45 and its 200-day moving average price is $70.66. 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 data 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 company had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.31 billion. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.73 EPS. As a group, equities analysts forecast that Mondelez International, Inc. will post 3.52 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were paid 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 is 46.83%.

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.