Jackson Thornton Wealth Management LLC Cuts Stock Holdings in Mondelez International, Inc. $MDLZ

Jackson Thornton Wealth Management LLC decreased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 7.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,477 shares of the company’s stock after selling 271 shares during the period. Jackson Thornton Wealth Management LLC’s holdings in Mondelez International were worth $237,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of MDLZ. Brighton Jones LLC boosted its position in Mondelez International by 92.4% in the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after purchasing an additional 7,025 shares during the last quarter. GAMMA Investing LLC boosted its position in Mondelez International by 21.1% in the first quarter. GAMMA Investing LLC now owns 18,316 shares of the company’s stock worth $1,243,000 after purchasing an additional 3,193 shares during the last quarter. Sowell Financial Services LLC purchased a new position in Mondelez International in the first quarter worth $232,000. Advisor Resource Council purchased a new position in Mondelez International in the first quarter worth $392,000. Finally, PFG Investments LLC boosted its position in Mondelez International by 12.1% in the first quarter. PFG Investments LLC now owns 17,182 shares of the company’s stock worth $1,166,000 after purchasing an additional 1,855 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of MDLZ opened at $62.81 on Tuesday. The firm has a market cap of $81.27 billion, a PE ratio of 23.01, a PEG ratio of 5.58 and a beta of 0.45. The stock’s fifty day moving average price is $62.25 and its two-hundred day moving average price is $65.21. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $71.82.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. The firm had revenue of $7.30 billion for the quarter. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%. On average, equities research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Tuesday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s dividend payout ratio is presently 73.26%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Sanford C. Bernstein boosted their price objective on Mondelez International from $79.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Mondelez International in a research report on Tuesday, October 14th. Evercore ISI cut their price objective on Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. Wells Fargo & Company cut their price objective on Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. Finally, Dbs Bank raised Mondelez International from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 1st. Thirteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $70.84.

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.