Gateway Investment Advisers LLC Cuts Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Gateway Investment Advisers LLC reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZFree Report) by 0.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 722,352 shares of the company’s stock after selling 482 shares during the quarter. Gateway Investment Advisers LLC owned approximately 0.05% of Mondelez International worth $50,565,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in MDLZ. Murphy Middleton Hinkle & Parker Inc. boosted its holdings in Mondelez International by 3.9% in the fourth quarter. Murphy Middleton Hinkle & Parker Inc. now owns 3,651 shares of the company’s stock valued at $264,000 after acquiring an additional 136 shares during the last quarter. Cobblestone Asset Management LLC lifted its holdings in Mondelez International by 2.8% during the 4th quarter. Cobblestone Asset Management LLC now owns 4,982 shares of the company’s stock worth $361,000 after buying an additional 138 shares during the last quarter. Graypoint LLC increased its stake in Mondelez International by 1.1% during the fourth quarter. Graypoint LLC now owns 12,281 shares of the company’s stock valued at $890,000 after purchasing an additional 138 shares during the last quarter. Guyasuta Investment Advisors Inc. lifted its holdings in Mondelez International by 0.8% in the fourth quarter. Guyasuta Investment Advisors Inc. now owns 16,461 shares of the company’s stock worth $1,192,000 after acquiring an additional 138 shares during the last quarter. Finally, Rossmore Private Capital lifted its position in Mondelez International by 0.3% in the 4th quarter. Rossmore Private Capital now owns 50,047 shares of the company’s stock valued at $3,625,000 after purchasing an additional 139 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Down 0.6 %

MDLZ stock traded down $0.38 during trading on Tuesday, hitting $68.04. The company had a trading volume of 1,919,347 shares, compared to its average volume of 7,298,613. The stock has a market cap of $91.27 billion, a price-to-earnings ratio of 21.72, a PEG ratio of 2.55 and a beta of 0.55. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $77.20. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. The firm has a 50-day moving average price of $68.91 and a 200-day moving average price of $70.94.

Mondelez International (NASDAQ:MDLZGet Free Report) last issued its earnings results on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.89 by $0.06. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The firm had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.16 billion. During the same quarter in the prior year, the firm earned $0.89 earnings per share. The business’s quarterly revenue was up 1.4% on a year-over-year basis. As a group, analysts predict that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be issued a $0.425 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.50%. Mondelez International’s dividend payout ratio (DPR) is 53.97%.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of a number of research reports. Barclays dropped their price objective on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Sanford C. Bernstein lifted their target price on Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Wells Fargo & Company cut their target price on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Tuesday, June 4th. JPMorgan Chase & Co. lowered their price target on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Finally, TD Cowen dropped their price target on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a research note on Thursday, June 6th. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $80.22.

Get Our Latest Stock Report on Mondelez International

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.

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

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