Allred Capital Management LLC Lowers Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Allred Capital Management LLC cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 5,550 shares of the company’s stock after selling 336 shares during the period. Allred Capital Management LLC’s holdings in Mondelez International were worth $332,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of MDLZ. Marshall Investment Management LLC bought a new position in shares of Mondelez International during the fourth quarter valued at about $26,000. Hager Investment Management Services LLC purchased a new stake in Mondelez International in the 4th quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Mondelez International in the 4th quarter valued at about $31,000. McClarren Financial Advisors Inc. bought a new position in shares of Mondelez International during the 4th quarter worth approximately $32,000. Finally, Sierra Ocean LLC purchased a new position in shares of Mondelez International in the 4th quarter worth approximately $32,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Royal Bank of Canada decreased their price target on Mondelez International from $75.00 to $69.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft lowered their target price on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Wednesday, January 22nd. DZ Bank lowered shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target for the company. in a research report on Friday, February 7th. JPMorgan Chase & Co. lifted their price objective on shares of Mondelez International from $64.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, April 11th. Finally, Mizuho increased their target price on shares of Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.80.

Mondelez International Stock Up 1.3 %

MDLZ stock opened at $67.32 on Friday. The stock has a 50-day simple moving average of $65.11 and a two-hundred day simple moving average of $64.06. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The firm has a market capitalization of $87.08 billion, a PE ratio of 19.68, a PEG ratio of 4.34 and a beta of 0.47. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. On average, equities analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 31st were issued a $0.47 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.79%. Mondelez International’s payout ratio is currently 54.97%.

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.