Evelyn Partners Investment Management Services Ltd Trims Stock Position in Mondelez International, Inc. $MDLZ

Evelyn Partners Investment Management Services Ltd lowered its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 10.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 136,948 shares of the company’s stock after selling 16,174 shares during the quarter. Evelyn Partners Investment Management Services Ltd’s holdings in Mondelez International were worth $7,894,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in MDLZ. Whipplewood Advisors LLC lifted its stake in Mondelez International by 35.5% during the first quarter. Whipplewood Advisors LLC now owns 645 shares of the company’s stock worth $37,000 after purchasing an additional 169 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of Mondelez International by 3.5% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,073 shares of the company’s stock valued at $292,000 after purchasing an additional 173 shares during the last quarter. Leo Wealth LLC increased its holdings in Mondelez International by 2.4% in the fourth quarter. Leo Wealth LLC now owns 7,495 shares of the company’s stock valued at $403,000 after buying an additional 176 shares during the last quarter. Granite Investment Partners LLC lifted its holdings in Mondelez International by 0.6% during the 1st quarter. Granite Investment Partners LLC now owns 29,284 shares of the company’s stock worth $1,688,000 after buying an additional 177 shares during the last quarter. Finally, Columbia Asset Management boosted its position in shares of Mondelez International by 1.3% during the 4th quarter. Columbia Asset Management now owns 13,854 shares of the company’s stock worth $746,000 after acquiring an additional 180 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Price Performance

Mondelez International stock opened at $60.67 on Tuesday. The stock 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 company has a debt-to-equity ratio of 0.60, a current ratio of 0.54 and a quick ratio of 0.37. Mondelez International, Inc. has a 12-month low of $51.20 and a 12-month high of $70.32. The firm’s 50-day moving average is $60.86 and its two-hundred day moving average is $59.32.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.06. Mondelez International had a return on equity of 14.14% and a net margin of 6.64%.The company had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $9.75 billion. During the same period in the previous year, the firm posted $0.76 EPS. Mondelez International’s revenue was up 8.2% on a year-over-year basis. Equities analysts predict that Mondelez International, Inc. will post 3.04 earnings per share for the current year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th were given a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. Mondelez International’s dividend payout ratio is presently 99.50%.

Analyst Upgrades and Downgrades

Several brokerages have commented on MDLZ. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Mondelez International from $60.00 to $54.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. TD Cowen lifted their target price on Mondelez International from $65.00 to $67.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Bank of America boosted their price target on shares of Mondelez International from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, April 10th. BTIG Research began coverage on Mondelez International in a research report on Tuesday, April 14th. They issued a “buy” rating and a $70.00 price objective for the company. Finally, Freedom Capital cut shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.