Sompo Asset Management Co. Ltd. Sells 1,120 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Sompo Asset Management Co. Ltd. reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZFree Report) by 15.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,190 shares of the company’s stock after selling 1,120 shares during the period. Sompo Asset Management Co. Ltd.’s holdings in Mondelez International were worth $448,000 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 MDLZ. Bogart Wealth LLC increased its stake in shares of Mondelez International by 63.9% during the 4th quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock worth $26,000 after purchasing an additional 140 shares during the last quarter. HHM Wealth Advisors LLC purchased a new position in shares of Mondelez International in the fourth quarter worth about $29,000. Orion Capital Management LLC purchased a new stake in shares of Mondelez International during the 3rd quarter valued at approximately $35,000. Vermillion & White Wealth Management Group LLC purchased a new position in Mondelez International in the 4th quarter valued at approximately $36,000. Finally, Clear Investment Research LLC purchased a new stake in shares of Mondelez International during the fourth quarter worth $38,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MDLZ has been the topic of several research analyst reports. TD Cowen decreased their price target on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a report on Thursday. Sanford C. Bernstein boosted their price target on shares of Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Barclays lowered their price objective on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Evercore ISI cut their target price on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, Citigroup dropped their price target on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $80.22.

Get Our Latest Stock Report on MDLZ

Mondelez International Stock Down 0.6 %

Shares of Mondelez International stock traded down $0.38 during trading on Friday, hitting $67.81. The company’s stock had a trading volume of 4,189,126 shares, compared to its average volume of 5,101,243. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $77.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.63 and a current ratio of 0.77. The company has a fifty day simple moving average of $69.16 and a two-hundred day simple moving average of $71.29. The company has a market capitalization of $90.96 billion, a PE ratio of 21.53, a P/E/G ratio of 2.53 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZGet Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.06. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The firm had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.16 billion. During the same quarter in the previous year, the firm earned $0.89 EPS. Mondelez International’s quarterly revenue was up 1.4% compared to the same quarter last year. Equities research analysts predict that Mondelez International, Inc. will post 3.5 earnings per share for the current year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date is Friday, June 28th. Mondelez International’s dividend payout ratio (DPR) is 53.97%.

Mondelez International Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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