Synergy Asset Management LLC Trims Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Synergy Asset Management LLC decreased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 67.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,177 shares of the company’s stock after selling 29,837 shares during the period. Synergy Asset Management LLC’s holdings in Mondelez International were worth $992,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. DekaBank Deutsche Girozentrale boosted its position in Mondelez International by 5.1% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 2,480,235 shares of the company’s stock valued at $179,520,000 after buying an additional 120,665 shares during the period. Handelsinvest Investeringsforvaltning purchased a new position in Mondelez International during the 4th quarter worth $1,650,000. SageView Advisory Group LLC bought a new stake in Mondelez International during the 4th quarter valued at $907,000. AGF Management Ltd. lifted its holdings in shares of Mondelez International by 32.9% in the 4th quarter. AGF Management Ltd. now owns 1,735,233 shares of the company’s stock worth $125,683,000 after buying an additional 429,936 shares during the period. Finally, Signature Estate & Investment Advisors LLC grew its position in shares of Mondelez International by 4.7% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 38,518 shares of the company’s stock worth $2,789,000 after buying an additional 1,713 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ traded up $0.55 during trading on Tuesday, reaching $65.79. The stock had a trading volume of 2,486,880 shares, compared to its average volume of 7,285,851. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.63 and a current ratio of 0.77. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $77.20. The stock has a market cap of $88.25 billion, a PE ratio of 20.71, a PEG ratio of 2.51 and a beta of 0.53. The business has a fifty day moving average price of $68.89 and a 200-day moving average price of $70.78.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The business had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.16 billion. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.89 earnings per share. On average, equities analysts forecast that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date is Friday, June 28th. Mondelez International’s dividend payout ratio (DPR) is 53.97%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Wells Fargo & Company reduced their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, June 4th. Evercore ISI decreased their price objective on Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a research note on Tuesday, June 4th. Sanford C. Bernstein increased their price target on shares of Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. TD Cowen cut their price objective on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a research report on Thursday, June 6th. Finally, Barclays decreased their target price on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. One research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.22.

Mondelez International Company Profile

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.