AMI Asset Management Corp Sells 446 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

AMI Asset Management Corp lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,408 shares of the company’s stock after selling 446 shares during the quarter. AMI Asset Management Corp’s holdings in Mondelez International were worth $869,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of MDLZ. Bogart Wealth LLC boosted its holdings in Mondelez International by 63.9% during the 4th quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock valued at $26,000 after acquiring an additional 140 shares during the period. Ables Iannone Moore & Associates Inc. bought a new position in shares of Mondelez International during the fourth quarter valued at about $26,000. HHM Wealth Advisors LLC bought a new stake in shares of Mondelez International in the fourth quarter worth about $29,000. Transcendent Capital Group LLC purchased a new position in Mondelez International during the 4th quarter valued at about $34,000. Finally, Orion Capital Management LLC bought a new position in Mondelez International during the 3rd quarter valued at approximately $35,000. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Citigroup dropped their price target on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. JPMorgan Chase & Co. dropped their price objective on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Wells Fargo & Company cut their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 4th. Sanford C. Bernstein raised their price objective on shares of Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Finally, Evercore ISI lowered their price objective on Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 4th. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $80.22.

Mondelez International Stock Performance

NASDAQ:MDLZ traded up $0.31 during mid-day trading on Thursday, hitting $66.34. 3,462,505 shares of the company traded hands, compared to its average volume of 6,227,547. The stock’s fifty day moving average price is $68.61 and its 200-day moving average price is $70.68. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $77.20. The firm has a market cap of $88.99 billion, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of 2.53 and a beta of 0.53.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data 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 firm had revenue of $9.29 billion during the quarter, compared to analysts’ expectations 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 period in the prior year, the company posted $0.89 earnings per share. Research analysts anticipate that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently announced 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. This represents a $1.70 annualized dividend and a dividend yield of 2.56%. The ex-dividend date is Friday, June 28th. Mondelez International’s dividend payout ratio (DPR) is presently 53.97%.

Mondelez International 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.