Stonehage Fleming Financial Services Holdings Ltd Sells 10,400 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Stonehage Fleming Financial Services Holdings Ltd reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZFree Report) by 46.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,102 shares of the company’s stock after selling 10,400 shares during the period. Stonehage Fleming Financial Services Holdings Ltd’s holdings in Mondelez International were worth $877,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of MDLZ. Schroder Investment Management Group grew its position in Mondelez International by 35.1% during the 4th quarter. Schroder Investment Management Group now owns 649,046 shares of the company’s stock worth $47,010,000 after acquiring an additional 168,639 shares during the last quarter. Epoch Investment Partners Inc. grew its position in Mondelez International by 7,174.4% during the 4th quarter. Epoch Investment Partners Inc. now owns 686,778 shares of the company’s stock worth $49,743,000 after acquiring an additional 677,337 shares during the last quarter. Pinnbrook Capital Management LP bought a new stake in Mondelez International during the 4th quarter worth approximately $4,311,000. Vinva Investment Management Ltd grew its position in Mondelez International by 26.3% during the 4th quarter. Vinva Investment Management Ltd now owns 50,194 shares of the company’s stock worth $3,627,000 after acquiring an additional 10,461 shares during the last quarter. Finally, Morningstar Investment Services LLC grew its position in Mondelez International by 127.5% during the 4th quarter. Morningstar Investment Services LLC now owns 15,757 shares of the company’s stock worth $1,139,000 after acquiring an additional 8,832 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on MDLZ. Sanford C. Bernstein increased their price target on Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. TD Cowen reduced their price objective on Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a report on Thursday. Wells Fargo & Company reduced their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Tuesday. Barclays reduced their price objective on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Finally, JPMorgan Chase & Co. reduced their price objective on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and an average target price of $80.22.

Read Our Latest Analysis on MDLZ

Mondelez International Trading Down 0.6 %

Shares of MDLZ traded down $0.38 during trading hours on Friday, reaching $67.81. The stock had a trading volume of 4,189,126 shares, compared to its average volume of 5,101,243. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $77.20. The firm has a 50-day moving average of $69.16 and a 200 day moving average of $71.29. The company has a market cap of $90.96 billion, a P/E 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 released its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The business had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.16 billion. During the same quarter in the prior year, the company earned $0.89 EPS. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. On average, sell-side analysts expect that Mondelez International, Inc. will post 3.5 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.425 per share. 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 presently 53.97%.

About Mondelez International

(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.

Further Reading

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

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