International Assets Investment Management LLC Has $780,000 Position in Mondelez International, Inc. (NASDAQ:MDLZ)

International Assets Investment Management LLC lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 4.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,501 shares of the company’s stock after selling 481 shares during the period. International Assets Investment Management LLC’s holdings in Mondelez International were worth $780,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MDLZ. Brighton Jones LLC raised its holdings in Mondelez International by 92.4% during the 4th 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. Bank Pictet & Cie Europe AG increased its position in shares of Mondelez International by 1.1% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 334,994 shares of the company’s stock worth $20,009,000 after buying an additional 3,706 shares during the period. MONECO Advisors LLC raised its stake in Mondelez International by 16.9% during the fourth quarter. MONECO Advisors LLC now owns 4,585 shares of the company’s stock worth $274,000 after buying an additional 662 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in Mondelez International during the fourth quarter worth $113,000. Finally, IFP Advisors Inc lifted its holdings in Mondelez International by 17.8% in the fourth quarter. IFP Advisors Inc now owns 6,443 shares of the company’s stock valued at $385,000 after buying an additional 972 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of a number of recent analyst reports. UBS Group increased their price target on Mondelez International from $60.00 to $69.00 and gave the stock a “neutral” rating in a report on Thursday, April 17th. Piper Sandler lifted their target price on Mondelez International from $59.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, April 9th. Evercore ISI boosted their price target on Mondelez International from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, April 23rd. Morgan Stanley raised their price objective on shares of Mondelez International from $69.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 30th. Finally, Barclays boosted their target price on shares of Mondelez International from $71.00 to $74.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $70.63.

Mondelez International Trading Down 1.7%

Shares of Mondelez International stock opened at $67.28 on Thursday. The company has a market capitalization of $87.11 billion, a P/E ratio of 25.01, a price-to-earnings-growth ratio of 5.30 and a beta of 0.48. The stock has a fifty day simple moving average of $66.71 and a 200 day simple moving average of $63.65. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61.

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

Mondelez International Announces Dividend

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 paid a $0.47 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.79%. Mondelez International’s payout ratio is presently 69.89%.

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.