Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 10,235 shares of the company’s stock after selling 170 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Mondelez International were worth $699,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Marshall Investment Management LLC acquired a new position in shares of Mondelez International in the 4th quarter worth approximately $26,000. Orion Capital Management LLC acquired a new stake in Mondelez International during the 4th quarter worth approximately $30,000. Transce3nd LLC acquired a new stake in Mondelez International during the 4th quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Mondelez International during the 4th quarter worth approximately $31,000. Finally, Sierra Ocean LLC acquired a new stake in Mondelez International during the 4th quarter worth approximately $32,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $66.35 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.61 and a quick ratio of 0.40. The firm’s fifty day moving average price is $66.63 and its 200 day moving average price is $63.52. The company has a market capitalization of $85.91 billion, a price-to-earnings ratio of 24.67, a price-to-earnings-growth ratio of 5.14 and a beta of 0.48. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.07. The firm had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.37 billion. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The company’s revenue was up .2% on a year-over-year basis. During the same period last year, the firm posted $0.93 EPS. On average, sell-side analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date is Monday, June 30th. Mondelez International’s dividend payout ratio (DPR) is 69.89%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Mondelez International from $64.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday, April 11th. Royal Bank Of Canada reiterated an “outperform” rating and set a $69.00 target price on shares of Mondelez International in a report on Monday, April 28th. 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. Wells Fargo & Company increased their target price on shares of Mondelez International from $64.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 2nd. Finally, Evercore ISI raised their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $70.11.

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.