Villere ST Denis J & Co. LLC Sells 12,640 Shares of Mondelez International, Inc. $MDLZ

Villere ST Denis J & Co. LLC decreased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 337,584 shares of the company’s stock after selling 12,640 shares during the period. Mondelez International comprises about 2.0% of Villere ST Denis J & Co. LLC’s portfolio, making the stock its 29th biggest holding. Villere ST Denis J & Co. LLC’s holdings in Mondelez International were worth $21,089,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Soundwatch Capital LLC bought a new position in shares of Mondelez International during the 2nd quarter worth $27,000. Rossby Financial LCC lifted its holdings in Mondelez International by 966.7% during the second quarter. Rossby Financial LCC now owns 448 shares of the company’s stock valued at $30,000 after purchasing an additional 406 shares during the last quarter. Aspect Partners LLC boosted its position in Mondelez International by 180.5% during the second quarter. Aspect Partners LLC now owns 474 shares of the company’s stock worth $32,000 after purchasing an additional 305 shares during the period. Richardson Financial Services Inc. increased its stake in shares of Mondelez International by 141.0% in the third quarter. Richardson Financial Services Inc. now owns 482 shares of the company’s stock worth $30,000 after purchasing an additional 282 shares in the last quarter. Finally, Financial Connections Group Inc. purchased a new position in shares of Mondelez International in the second quarter worth about $33,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Wells Fargo & Company cut their price objective on shares of Mondelez International from $72.00 to $62.00 and set an “overweight” rating for the company in a report on Monday, January 5th. Barclays dropped their target price on Mondelez International from $71.00 to $67.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Morgan Stanley reduced their price target on Mondelez International from $68.00 to $64.00 and set an “overweight” rating for the company in a research report on Thursday, December 11th. DZ Bank upgraded Mondelez International from a “sell” rating to a “buy” rating in a research note on Thursday, October 30th. Finally, JPMorgan Chase & Co. cut their target price on Mondelez International from $71.00 to $69.00 and set an “overweight” rating for the company in a research note on Wednesday, January 21st. Fourteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.11.

Mondelez International Trading Up 0.4%

Shares of MDLZ stock opened at $58.69 on Tuesday. The company has a market capitalization of $75.73 billion, a PE ratio of 21.98 and a beta of 0.39. Mondelez International, Inc. has a 52-week low of $51.20 and a 52-week high of $71.15. The business’s fifty day moving average is $55.61 and its 200 day moving average is $59.60. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.37 and a current ratio of 0.61.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Wednesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is 74.91%.

About Mondelez International

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.