Mondelez International, Inc. (NASDAQ:MDLZ) Stock Holdings Cut by Mach 1 Financial Group LLC

Mach 1 Financial Group LLC lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 24,771 shares of the company’s stock after selling 955 shares during the quarter. Mach 1 Financial Group LLC’s holdings in Mondelez International were worth $1,794,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Carmel Capital Partners LLC bought a new position in shares of Mondelez International in the third quarter worth about $28,000. First Command Advisory Services Inc. acquired a new position in Mondelez International during the 3rd quarter worth $29,000. HHM Wealth Advisors LLC bought a new stake in shares of Mondelez International during the 4th quarter valued at $29,000. Orion Capital Management LLC bought a new stake in shares of Mondelez International during the 3rd quarter valued at $35,000. Finally, Legacy Financial Group LLC bought a new stake in shares of Mondelez International in the 3rd quarter valued at $45,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Mondelez International stock traded up $0.11 during mid-day trading on Tuesday, reaching $71.94. 11,057,898 shares of the company’s stock traded hands, compared to its average volume of 7,955,643. The company has a market cap of $96.87 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 2.46 and a beta of 0.56. The stock has a 50 day moving average of $70.42 and a two-hundred day moving average of $70.87. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 0.60. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $78.54.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.06. The business had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.16 billion. Mondelez International had a net margin of 13.77% and a return on equity of 15.91%. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.89 earnings per share. Equities analysts forecast that Mondelez International, Inc. will post 3.52 earnings per share for the current year.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 2.36%. The ex-dividend date was Wednesday, March 27th. Mondelez International’s payout ratio is 46.83%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MDLZ shares. Citigroup reduced their price objective on shares of 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. cut their target price on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Stifel Nicolaus lifted their price target on shares of Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. StockNews.com downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted 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. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and an average target price of $80.50.

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.