First City Capital Management Inc. Trims Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

First City Capital Management Inc. lessened its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 17.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 12,999 shares of the company’s stock after selling 2,722 shares during the quarter. First City Capital Management Inc.’s holdings in Mondelez International were worth $882,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MDLZ. Norges Bank purchased a new stake in shares of Mondelez International during the 4th quarter valued at approximately $1,118,755,000. Capital Research Global Investors raised its position in shares of Mondelez International by 13.9% during the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company’s stock valued at $2,241,637,000 after buying an additional 4,572,555 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Mondelez International during the 4th quarter valued at approximately $256,832,000. Van ECK Associates Corp raised its position in shares of Mondelez International by 2,560.0% during the 4th quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company’s stock valued at $203,749,000 after buying an additional 3,282,937 shares during the period. Finally, Deutsche Bank AG raised its position in shares of Mondelez International by 17.1% during the 4th quarter. Deutsche Bank AG now owns 13,734,080 shares of the company’s stock valued at $820,337,000 after buying an additional 2,002,640 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $66.15 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The company has a market capitalization of $85.65 billion, a PE ratio of 19.34, a P/E/G ratio of 4.34 and a beta of 0.48. The company has a fifty day moving average of $66.43 and a two-hundred day moving average of $63.40.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.07. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The company had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.37 billion. During the same quarter in the prior year, the firm posted $0.93 earnings per share. Mondelez International’s revenue for the quarter was up .2% on a year-over-year basis. As a group, analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be issued a $0.47 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.84%. Mondelez International’s payout ratio is 69.89%.

Analysts Set New Price Targets

A number of analysts have issued reports on MDLZ shares. Stifel Nicolaus boosted their target price on Mondelez International from $70.00 to $73.00 and gave the company a “buy” rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. boosted their target price on Mondelez International from $64.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, April 11th. DA Davidson lowered Mondelez International from a “buy” rating to a “neutral” rating and boosted their target price for the company from $66.00 to $68.00 in a research report on Thursday, April 24th. Royal Bank of Canada reissued an “outperform” rating and issued a $69.00 target price on shares of Mondelez International in a research report on Monday, April 28th. Finally, Morgan Stanley boosted their target price on Mondelez International from $69.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.11.

About Mondelez International

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.