Rehmann Capital Advisory Group Sells 442 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Rehmann Capital Advisory Group trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,016 shares of the company’s stock after selling 442 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Mondelez International were worth $701,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. DekaBank Deutsche Girozentrale lifted 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 acquiring an additional 120,665 shares in the last quarter. Handelsinvest Investeringsforvaltning purchased a new stake in shares of Mondelez International in the fourth quarter valued at about $1,650,000. SageView Advisory Group LLC bought a new stake in Mondelez International in the 4th quarter worth about $907,000. AGF Management Ltd. increased its position in shares of Mondelez International by 32.9% during the fourth quarter. AGF Management Ltd. now owns 1,735,233 shares of the company’s stock valued at $125,683,000 after acquiring an additional 429,936 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC increased its position in shares of Mondelez International by 4.7% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 38,518 shares of the company’s stock valued at $2,789,000 after acquiring an additional 1,713 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on MDLZ. Barclays lowered their price objective on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Wells Fargo & Company lowered their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Tuesday, June 4th. JPMorgan Chase & Co. cut their price target on Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. TD Cowen cut their target price on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a research report on Thursday, June 6th. Finally, Bank of America reduced their target price on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and an average target price of $80.33.

Mondelez International Price Performance

Shares of NASDAQ MDLZ traded up $0.60 during mid-day trading on Wednesday, reaching $65.84. 4,419,769 shares of the company were exchanged, compared to its average volume of 7,272,638. The stock has a market capitalization of $88.32 billion, a PE ratio of 20.83, a PEG ratio of 2.54 and a beta of 0.53. 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 52 week low of $60.75 and a 52 week high of $77.20. The company’s 50 day moving average price is $68.20 and its 200 day moving average price is $70.56.

Mondelez International (NASDAQ:MDLZ) last posted 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 return on equity of 16.11% and a net margin of 11.87%. 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 business earned $0.89 EPS. Sell-side analysts forecast that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

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