Westside Investment Management Inc. Decreases Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Westside Investment Management Inc. cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 6.2% during the first quarter, HoldingsChannel reports. The firm owned 3,263 shares of the company’s stock after selling 216 shares during the quarter. Westside Investment Management Inc.’s holdings in Mondelez International were worth $228,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Norden Group LLC raised its position in Mondelez International by 2,307.4% during the first quarter. Norden Group LLC now owns 149,719 shares of the company’s stock valued at $10,480,000 after purchasing an additional 143,500 shares during the period. Community Bank & Trust Waco Texas raised its position in Mondelez International by 15.7% during the first quarter. Community Bank & Trust Waco Texas now owns 36,939 shares of the company’s stock valued at $2,586,000 after purchasing an additional 5,007 shares during the period. Bourgeon Capital Management LLC raised its position in Mondelez International by 2.8% during the first quarter. Bourgeon Capital Management LLC now owns 113,008 shares of the company’s stock valued at $7,911,000 after purchasing an additional 3,115 shares during the period. United Capital Management of KS Inc. raised its position in Mondelez International by 11.7% during the first quarter. United Capital Management of KS Inc. now owns 53,094 shares of the company’s stock valued at $3,717,000 after purchasing an additional 5,568 shares during the period. Finally, Valley National Advisers Inc. raised its holdings in shares of Mondelez International by 4.0% in the first quarter. Valley National Advisers Inc. now owns 10,140 shares of the company’s stock worth $708,000 after buying an additional 391 shares during the period. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Up 0.5 %

Shares of NASDAQ MDLZ opened at $66.34 on Thursday. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $88.99 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 2.53 and a beta of 0.53. The stock’s fifty day simple moving average is $68.71 and its two-hundred day simple moving average is $70.71. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.06. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The business had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.16 billion. During the same quarter last year, the firm earned $0.89 EPS. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, analysts expect that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.425 per share. The ex-dividend date is Friday, June 28th. This represents a $1.70 annualized dividend and a dividend yield of 2.56%. Mondelez International’s dividend payout ratio is presently 53.97%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on MDLZ shares. Evercore ISI reduced their price target on Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a report on Tuesday, June 4th. TD Cowen reduced their price target on Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a report on Thursday, June 6th. Sanford C. Bernstein increased their price target on Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Barclays reduced their price target on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Finally, JPMorgan Chase & Co. reduced their price target on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. One equities research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $80.22.

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.