Prosperity Consulting Group LLC Sells 232 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Prosperity Consulting Group LLC reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.9% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,725 shares of the company’s stock after selling 232 shares during the quarter. Prosperity Consulting Group LLC’s holdings in Mondelez International were worth $342,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Aquatic Capital Management LLC bought a new position in shares of Mondelez International during the 4th quarter valued at approximately $11,479,000. Oxford Asset Management LLP purchased a new stake in Mondelez International in the fourth quarter worth $1,486,000. Johnson Financial Group Inc. lifted its position in shares of Mondelez International by 59.5% during the 4th quarter. Johnson Financial Group Inc. now owns 12,827 shares of the company’s stock valued at $744,000 after buying an additional 4,785 shares during the last quarter. Boothbay Fund Management LLC grew its stake in shares of Mondelez International by 31.0% during the 4th quarter. Boothbay Fund Management LLC now owns 115,137 shares of the company’s stock worth $6,877,000 after acquiring an additional 27,220 shares during the period. Finally, Coldstream Capital Management Inc. increased its holdings in Mondelez International by 10.7% in the 4th quarter. Coldstream Capital Management Inc. now owns 28,982 shares of the company’s stock worth $1,731,000 after acquiring an additional 2,794 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $65.59 on Monday. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The firm has a market capitalization of $84.84 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 4.34 and a beta of 0.47. The company’s fifty day moving average price is $65.85 and its 200-day moving average price is $63.76.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates 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 research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were given a $0.47 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a yield of 2.87%. Mondelez International’s payout ratio is 54.97%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Morgan Stanley initiated coverage on shares of Mondelez International in a report on Monday, March 24th. They set an “overweight” rating and a $69.00 price objective on the stock. The Goldman Sachs Group cut their price objective on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Barclays lowered their target price on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Jefferies Financial Group lowered Mondelez International from a “buy” rating to a “hold” rating and cut their price target for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. Finally, Royal Bank of Canada decreased their price objective on Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and a consensus price target of $69.70.

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.