Patten & Patten Inc. TN Sells 180 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Patten & Patten Inc. TN decreased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,835 shares of the company’s stock after selling 180 shares during the period. Patten & Patten Inc. TN’s holdings in Mondelez International were worth $618,000 as of its most recent SEC filing.

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

Mondelez International Price Performance

Shares of Mondelez International stock traded up $0.09 during trading on Monday, reaching $66.54. 4,325,760 shares of the stock traded hands, compared to its average volume of 7,259,085. The company has a market capitalization of $89.25 billion, a price-to-earnings ratio of 21.12, a P/E/G ratio of 2.75 and a beta of 0.53. The business has a fifty day simple moving average of $67.47 and a two-hundred day simple moving average of $70.19. 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, Inc. has a 52-week low of $60.75 and a 52-week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued 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 firm had revenue of $9.29 billion during 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 business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.89 earnings per share. Sell-side analysts expect that Mondelez International, Inc. will post 3.48 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend was Friday, June 28th. Mondelez International’s payout ratio is 53.97%.

Analyst Ratings Changes

MDLZ has been the subject of a number of recent research reports. Wells Fargo & Company lowered their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, June 4th. Evercore ISI reduced their target price on Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a report on Tuesday, June 4th. Sanford C. Bernstein cut their price target 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. Barclays cut their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Citigroup cut their price target on 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $79.72.

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.