Osaic Holdings Inc. Has $16.61 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Osaic Holdings Inc. lessened its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 50.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 237,209 shares of the company’s stock after selling 246,338 shares during the period. Osaic Holdings Inc.’s holdings in Mondelez International were worth $16,610,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Bogart Wealth LLC grew its position in Mondelez International by 63.9% in the 4th quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock valued at $26,000 after purchasing an additional 140 shares during the period. Ables Iannone Moore & Associates Inc. acquired a new position in shares of Mondelez International during the fourth quarter valued at about $26,000. HHM Wealth Advisors LLC bought a new stake in shares of Mondelez International during the fourth quarter worth about $29,000. Transcendent Capital Group LLC acquired a new stake in shares of Mondelez International in the 4th quarter worth about $34,000. Finally, Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Mondelez International in the 4th quarter worth about $36,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Deutsche Bank Aktiengesellschaft decreased their price objective on Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Sanford C. Bernstein dropped their price objective on Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. TD Cowen reduced their target price on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a research note on Thursday, June 6th. Citigroup lowered their target price 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, Barclays cut their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday. One investment analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and a consensus price target of $79.72.

Mondelez International Stock Performance

Mondelez International stock traded up $0.09 during midday trading on Monday, reaching $66.54. The stock had a trading volume of 4,235,252 shares, compared to its average volume of 7,258,434. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $89.25 billion, a PE ratio of 21.10, a P/E/G ratio of 2.75 and a beta of 0.53. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $77.20. The firm’s 50-day moving average price is $67.47 and its 200 day moving average price is $70.19.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, beating 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 period in the prior year, the company posted $0.89 EPS. Mondelez International’s revenue was up 1.4% compared to the same quarter last year. As a group, research analysts predict that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were given a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 2.55%. The ex-dividend date was Friday, June 28th. Mondelez International’s dividend payout ratio (DPR) is presently 53.97%.

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.