Courier Capital LLC Sells 838 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Courier Capital LLC reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,521 shares of the company’s stock after selling 838 shares during the period. Courier Capital LLC’s holdings in Mondelez International were worth $3,326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of MDLZ. Bogart Wealth LLC boosted its stake in shares of Mondelez International by 63.9% in the 4th quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock worth $26,000 after buying an additional 140 shares during the last quarter. Ables Iannone Moore & Associates Inc. purchased a new position in shares of Mondelez International in the 4th quarter worth $26,000. HHM Wealth Advisors LLC purchased a new position in shares of Mondelez International in the 4th quarter worth $29,000. Transcendent Capital Group LLC purchased a new position in shares of Mondelez International in the 4th quarter worth $34,000. Finally, Orion Capital Management LLC purchased a new position in shares of Mondelez International in the 3rd quarter worth $35,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Trading Down 1.7 %

Shares of NASDAQ:MDLZ traded down $1.16 during trading hours on Friday, hitting $65.44. 10,402,979 shares of the company’s stock traded hands, compared to its average volume of 7,324,709. Mondelez International, Inc. has a 1 year low of $60.75 and a 1 year high of $77.20. The business has a fifty day moving average price of $68.95 and a 200-day moving average price of $70.88. The firm has a market capitalization of $87.78 billion, a P/E ratio of 20.65, a price-to-earnings-growth ratio of 2.56 and a beta of 0.54. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.63.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.06. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The business had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.16 billion. During the same quarter in the previous year, the business earned $0.89 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. Equities analysts expect that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Announces Dividend

The company also recently declared 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 2.60%. Mondelez International’s payout ratio is 53.97%.

Analysts Set New Price Targets

Several research firms recently weighed in on MDLZ. JPMorgan Chase & Co. lowered their target price on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Citigroup decreased their price target on Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. Evercore ISI decreased their price target on Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a report on Tuesday, June 4th. Wells Fargo & Company decreased their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Tuesday, June 4th. Finally, TD Cowen decreased their price target on Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a report on Thursday, June 6th. One research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $80.22.

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.