Procyon Advisors LLC Grows Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Procyon Advisors LLC raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 51,084 shares of the company’s stock after buying an additional 556 shares during the period. Procyon Advisors LLC’s holdings in Mondelez International were worth $3,576,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of MDLZ. Operose Advisors LLC raised its position in shares of Mondelez International by 279.2% in the 3rd quarter. Operose Advisors LLC now owns 2,097 shares of the company’s stock valued at $146,000 after purchasing an additional 1,544 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in Mondelez International by 5.9% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 250,330 shares of the company’s stock worth $17,373,000 after buying an additional 13,893 shares during the last quarter. Mutual Advisors LLC raised its position in Mondelez International by 3.6% during the 3rd quarter. Mutual Advisors LLC now owns 10,592 shares of the company’s stock worth $735,000 after buying an additional 364 shares during the last quarter. Mather Group LLC. raised its position in Mondelez International by 7.4% during the 3rd quarter. Mather Group LLC. now owns 17,512 shares of the company’s stock worth $1,215,000 after buying an additional 1,212 shares during the last quarter. Finally, Trexquant Investment LP raised its position in Mondelez International by 29.0% during the 3rd quarter. Trexquant Investment LP now owns 184,906 shares of the company’s stock worth $12,832,000 after buying an additional 41,623 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Price Performance

Mondelez International stock traded down $0.04 during trading on Thursday, reaching $66.60. The company had a trading volume of 4,304,499 shares, compared to its average volume of 7,296,049. The firm’s 50-day simple moving average is $68.95 and its 200 day simple moving average is $70.88. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $77.20. The firm has a market capitalization of $89.33 billion, a PE ratio of 21.12, a price-to-earnings-growth ratio of 2.60 and a beta of 0.54. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.63 and a current ratio of 0.77.

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

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be issued a $0.425 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.70 dividend on an annualized basis and a yield of 2.55%. Mondelez International’s payout ratio is currently 53.97%.

Analysts Set New Price Targets

A number of research firms have issued reports on MDLZ. Wells Fargo & Company reduced their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Tuesday, June 4th. TD Cowen reduced their price target on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a research report on Thursday, June 6th. Evercore ISI reduced their price target on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a research report on Tuesday, June 4th. Barclays dropped their price objective on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Finally, Citigroup dropped their price objective on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $80.22.

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.