Steele Capital Management Inc. Sells 480 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Steele Capital Management Inc. cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 10.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,967 shares of the company’s stock after selling 480 shares during the quarter. Steele Capital Management Inc.’s holdings in Mondelez International were worth $279,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD grew its position in Mondelez International by 4.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock valued at $2,636,897,000 after buying an additional 1,686,229 shares during the period. Capital Research Global Investors grew its position in Mondelez International by 26.9% during the fourth quarter. Capital Research Global Investors now owns 30,291,001 shares of the company’s stock valued at $2,193,977,000 after buying an additional 6,426,928 shares during the period. Capital World Investors grew its position in Mondelez International by 2.2% during the fourth quarter. Capital World Investors now owns 21,562,411 shares of the company’s stock valued at $1,561,765,000 after buying an additional 463,738 shares during the period. Norges Bank bought a new stake in Mondelez International during the fourth quarter valued at approximately $1,231,413,000. Finally, Vontobel Asset Management Inc. grew its position in Mondelez International by 5.0% during the fourth quarter. Vontobel Asset Management Inc. now owns 9,884,399 shares of the company’s stock valued at $753,108,000 after buying an additional 474,539 shares during the period. 78.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MDLZ has been the subject of several recent research reports. Citigroup cut their target price on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. Barclays dropped their price target on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research 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 research report on Wednesday, May 1st. Wells Fargo & Company dropped 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. Finally, Evercore ISI lowered their target price on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a report on Tuesday, June 4th. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $80.22.

Mondelez International Price Performance

Mondelez International stock traded down $0.20 during mid-day trading on Monday, reaching $65.24. 6,767,737 shares of the company’s stock traded hands, compared to its average volume of 7,313,231. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $77.20. The company has a market cap of $87.51 billion, a price-to-earnings ratio of 20.71, a PEG ratio of 2.51 and a beta of 0.53. 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 stock has a 50 day moving average of $68.89 and a two-hundred day moving average of $70.78.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.06. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The business had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.16 billion. During the same quarter in the prior year, the firm posted $0.89 earnings per share. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. Equities analysts forecast that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be paid a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Friday, June 28th. Mondelez International’s dividend payout ratio is currently 53.97%.

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.