Symmetry Partners LLC Sells 7,222 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Symmetry Partners LLC lessened its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 49.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,302 shares of the company’s stock after selling 7,222 shares during the period. Symmetry Partners LLC’s holdings in Mondelez International were worth $511,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in MDLZ. M&R Capital Management Inc. raised its position in Mondelez International by 4.2% during the first quarter. M&R Capital Management Inc. now owns 16,075 shares of the company’s stock valued at $1,125,000 after purchasing an additional 648 shares in the last quarter. Park National Corp OH raised its position in Mondelez International by 3.2% during the first quarter. Park National Corp OH now owns 7,992 shares of the company’s stock valued at $559,000 after purchasing an additional 250 shares in the last quarter. General Partner Inc. raised its position in Mondelez International by 47.9% during the first quarter. General Partner Inc. now owns 5,176 shares of the company’s stock valued at $362,000 after purchasing an additional 1,676 shares in the last quarter. Newbridge Financial Services Group Inc. raised its position in Mondelez International by 46.6% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,432 shares of the company’s stock valued at $104,000 after purchasing an additional 455 shares in the last quarter. Finally, HighPoint Advisor Group LLC acquired a new position in Mondelez International during the fourth quarter valued at approximately $3,567,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of MDLZ opened at $66.17 on Wednesday. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $88.76 billion, a P/E ratio of 21.01, a price-to-earnings-growth ratio of 2.53 and a beta of 0.54. The firm’s fifty day simple moving average is $68.89 and its two-hundred day simple moving average is $71.06. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The company had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.16 billion. During the same quarter in the prior year, the firm earned $0.89 EPS. The business’s revenue was up 1.4% on a year-over-year basis. As a group, analysts predict that Mondelez International, Inc. will post 3.49 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be issued a $0.425 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.57%. Mondelez International’s dividend payout ratio is presently 53.97%.

Analyst Ratings Changes

Several brokerages have recently issued reports on MDLZ. Barclays lowered their price target on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Sanford C. Bernstein upped their price target on shares of Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. lowered their price target on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Citigroup lowered their price target on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, April 11th. Finally, Evercore ISI lowered their price target on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a report on Tuesday, June 4th. One equities research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and an average target price of $80.22.

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.