Defined Financial Planning LLC Sells 601 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Defined Financial Planning LLC trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 11.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,434 shares of the company’s stock after selling 601 shares during the period. Defined Financial Planning LLC’s holdings in Mondelez International were worth $300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of MDLZ. ICICI Prudential Asset Management Co Ltd lifted its position in Mondelez International by 430.0% during the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 92,413 shares of the company’s stock valued at $5,520,000 after purchasing an additional 74,975 shares during the last quarter. Buckingham Capital Management Inc. increased its stake in Mondelez International by 25.5% in the fourth quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company’s stock worth $5,578,000 after purchasing an additional 18,961 shares during the period. Rhumbline Advisers lifted its position in shares of Mondelez International by 1.4% during the fourth quarter. Rhumbline Advisers now owns 2,742,126 shares of the company’s stock worth $163,787,000 after purchasing an additional 37,897 shares during the last quarter. Amundi grew its holdings in shares of Mondelez International by 20.1% in the fourth quarter. Amundi now owns 2,856,534 shares of the company’s stock worth $166,507,000 after purchasing an additional 478,225 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in Mondelez International by 32.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 975,063 shares of the company’s stock worth $58,026,000 after buying an additional 236,705 shares during the period. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Performance

MDLZ opened at $66.95 on Thursday. The company has a market cap of $86.69 billion, a P/E ratio of 19.58, a price-to-earnings-growth ratio of 4.34 and a beta of 0.48. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The firm’s 50-day moving average price is $66.44 and its 200-day moving average price is $63.45. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06.

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

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be paid a $0.47 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.81%. Mondelez International’s dividend payout ratio (DPR) is 69.89%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Mondelez International from $64.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, April 11th. Stifel Nicolaus raised their price objective on Mondelez International from $70.00 to $73.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. Wells Fargo & Company upped their target price on Mondelez International from $64.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 2nd. Argus lowered Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Finally, UBS Group increased their target price on shares of Mondelez International from $60.00 to $69.00 and gave the stock a “neutral” rating in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and an average target price of $70.11.

Mondelez International Company 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.