Paladin Advisory Group LLC Trims Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Paladin Advisory Group LLC reduced its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 33.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,065 shares of the company’s stock after selling 524 shares during the period. Paladin Advisory Group LLC’s holdings in Mondelez International were worth $77,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Fairfield Bush & CO. purchased a new stake in shares of Mondelez International in the first quarter worth $100,000. United Bank increased its stake in shares of Mondelez International by 4.6% in the first quarter. United Bank now owns 27,006 shares of the company’s stock worth $1,695,000 after purchasing an additional 1,189 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Mondelez International by 4.0% in the first quarter. Cetera Investment Advisers now owns 28,390 shares of the company’s stock worth $1,782,000 after purchasing an additional 1,085 shares in the last quarter. Dakota Wealth Management purchased a new stake in shares of Mondelez International in the first quarter worth $561,000. Finally, Covestor Ltd increased its stake in shares of Mondelez International by 69.0% in the first quarter. Covestor Ltd now owns 1,269 shares of the company’s stock worth $80,000 after purchasing an additional 518 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Stifel Nicolaus upped their target price on shares of Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Citigroup dropped their target price on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Finally, Barclays dropped 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 analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $80.89.

Mondelez International Trading Up 1.4 %

Shares of Mondelez International stock traded up $0.94 during trading on Friday, hitting $68.11. The stock had a trading volume of 11,016,995 shares, compared to its average volume of 7,630,542. The firm’s fifty day simple moving average is $70.71 and its 200-day simple moving average is $70.45. The stock has a market cap of $91.71 billion, a PE ratio of 18.57, a PEG ratio of 2.31 and a beta of 0.56. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.62 and a quick ratio of 0.43. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $78.59.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, January 30th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.06. The firm had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.31 billion. Mondelez International had a net margin of 13.77% and a return on equity of 15.91%. The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the business earned $0.73 EPS. As a group, sell-side analysts expect that Mondelez International, Inc. will post 3.52 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were paid a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 2.50%. The ex-dividend date was Wednesday, March 27th. Mondelez International’s dividend payout ratio is presently 46.83%.

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.