Waverly Advisors LLC Reduces Stock Holdings in Mondelez International, Inc. $MDLZ

Waverly Advisors LLC lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 9.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 127,679 shares of the company’s stock after selling 13,150 shares during the quarter. Waverly Advisors LLC’s holdings in Mondelez International were worth $7,359,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. OLD Republic International Corp lifted its stake in Mondelez International by 156.6% during the 4th quarter. OLD Republic International Corp now owns 414,100 shares of the company’s stock valued at $22,291,000 after acquiring an additional 252,700 shares during the period. Allstate Corp increased its stake in shares of Mondelez International by 107.7% in the fourth quarter. Allstate Corp now owns 97,522 shares of the company’s stock worth $5,250,000 after acquiring an additional 50,562 shares during the period. VCI Wealth Management LLC acquired a new stake in shares of Mondelez International in the fourth quarter worth $970,000. BNP Paribas Financial Markets raised its holdings in shares of Mondelez International by 41.0% during the fourth quarter. BNP Paribas Financial Markets now owns 4,006,627 shares of the company’s stock worth $215,677,000 after purchasing an additional 1,166,036 shares during the last quarter. Finally, PKO Investment Management Joint Stock Co lifted its position in Mondelez International by 115.0% during the fourth quarter. PKO Investment Management Joint Stock Co now owns 101,066 shares of the company’s stock valued at $5,440,000 after purchasing an additional 54,066 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $60.67 on Tuesday. The company has a market capitalization of $77.88 billion, a P/E ratio of 30.18, a P/E/G ratio of 2.51 and a beta of 0.39. The business’s 50 day moving average is $60.86 and its two-hundred day moving average is $59.32. The company has a current ratio of 0.54, a quick ratio of 0.37 and a debt-to-equity ratio of 0.60. Mondelez International, Inc. has a 12-month low of $51.20 and a 12-month high of $70.32.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.61 by $0.06. The company had revenue of $10.08 billion for the quarter, compared to analyst estimates of $9.75 billion. Mondelez International had a return on equity of 14.14% and a net margin of 6.64%.Mondelez International’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the company earned $0.76 earnings per share. Analysts expect that Mondelez International, Inc. will post 3.04 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th were paid a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. Mondelez International’s dividend payout ratio (DPR) is currently 99.50%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mondelez International in a report on Monday, July 20th. UBS Group boosted their price objective on Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. BTIG Research initiated coverage on Mondelez International in a research note on Tuesday, April 14th. They issued a “buy” rating and a $70.00 target price on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on Mondelez International from $60.00 to $54.00 and set a “hold” rating on the stock in a report on Monday, March 30th. Finally, JPMorgan Chase & Co. lifted their price target on Mondelez International from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.44.

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.