West Paces Advisors Inc. Has $1.16 Million Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

West Paces Advisors Inc. trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,510 shares of the company’s stock after selling 277 shares during the period. West Paces Advisors Inc.’s holdings in Mondelez International were worth $1,156,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale increased its stake in shares of Mondelez International by 5.1% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 2,480,235 shares of the company’s stock worth $179,520,000 after purchasing an additional 120,665 shares during the period. Handelsinvest Investeringsforvaltning bought a new position in shares of Mondelez International during the fourth quarter worth approximately $1,650,000. SageView Advisory Group LLC bought a new position in shares of Mondelez International during the fourth quarter worth approximately $907,000. AGF Management Ltd. increased its stake in shares of Mondelez International by 32.9% during the fourth quarter. AGF Management Ltd. now owns 1,735,233 shares of the company’s stock worth $125,683,000 after purchasing an additional 429,936 shares during the period. Finally, Signature Estate & Investment Advisors LLC increased its stake in Mondelez International by 4.7% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 38,518 shares of the company’s stock worth $2,789,000 after acquiring an additional 1,713 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Trading Down 1.8 %

Shares of Mondelez International stock traded down $1.21 on Wednesday, hitting $66.64. 5,239,322 shares of the company’s stock traded hands, compared to its average volume of 7,319,479. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $77.20. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.63. The company has a fifty day moving average of $68.95 and a two-hundred day moving average of $70.91. The company has a market capitalization of $89.39 billion, a price-to-earnings ratio of 21.18, a price-to-earnings-growth ratio of 2.60 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, topping 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 firm had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.16 billion. During the same period in the prior year, the business posted $0.89 earnings per share. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. As a group, sell-side analysts expect that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. dropped their price objective on Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Wells Fargo & Company dropped their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Tuesday, June 4th. Sanford C. Bernstein lifted their price objective on Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Evercore ISI dropped their price objective on Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a report on Tuesday, June 4th. Finally, TD Cowen dropped their price objective on Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a report on Thursday, June 6th. One equities research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $80.22.

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.