EverSource Wealth Advisors LLC Reduces Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

by · The Cerbat Gem

EverSource Wealth Advisors LLC reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 7.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,035 shares of the company’s stock after selling 326 shares during the period. EverSource Wealth Advisors LLC’s holdings in Mondelez International were worth $280,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Asio Capital LLC lifted its stake in shares of Mondelez International by 3.7% in the 2nd quarter. Asio Capital LLC now owns 3,894 shares of the company’s stock valued at $284,000 after purchasing an additional 139 shares during the period. Hancock Whitney Corp lifted its stake in shares of Mondelez International by 2.6% in the 1st quarter. Hancock Whitney Corp now owns 5,553 shares of the company’s stock valued at $388,000 after purchasing an additional 143 shares during the period. Jackson Grant Investment Advisers Inc. lifted its stake in shares of Mondelez International by 5.4% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 2,821 shares of the company’s stock valued at $206,000 after purchasing an additional 145 shares during the period. Oak Hill Wealth Advisors LLC increased its position in shares of Mondelez International by 5.0% in the 3rd quarter. Oak Hill Wealth Advisors LLC now owns 3,130 shares of the company’s stock valued at $217,000 after buying an additional 149 shares in the last quarter. Finally, Tortoise Investment Management LLC increased its position in shares of Mondelez International by 6.6% in the 2nd quarter. Tortoise Investment Management LLC now owns 2,426 shares of the company’s stock valued at $177,000 after buying an additional 150 shares in the last quarter. 76.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MDLZ has been the subject of a number of recent analyst reports. The Goldman Sachs Group lowered their price objective on shares of Mondelez International from $89.00 to $86.00 in a research report on Wednesday, October 4th. Stifel Nicolaus raised their target price on shares of Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday. Argus upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research note on Tuesday, November 28th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Finally, DA Davidson started coverage on shares of Mondelez International in a research report on Friday, December 8th. They set a “buy” rating and a $83.00 price objective for the company. Seventeen research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $80.33.

Get Our Latest Stock Analysis on Mondelez International

Mondelez International Price Performance

NASDAQ:MDLZ traded up $0.64 during mid-day trading on Friday, reaching $75.14. The stock had a trading volume of 9,517,298 shares, compared to its average volume of 5,601,683. The stock has a 50-day simple moving average of $72.06 and a two-hundred day simple moving average of $70.63. The stock has a market capitalization of $102.26 billion, a PE ratio of 22.49, a P/E/G ratio of 2.38 and a beta of 0.63. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $78.59. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.61 and a quick ratio of 0.41.

Mondelez International (NASDAQ:MDLZ – Get Free Report) last posted its earnings results on Wednesday, November 1st. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.04. The firm had revenue of $9.03 billion for the quarter, compared to analysts’ expectations of $8.82 billion. Mondelez International had a net margin of 12.97% and a return on equity of 15.59%. The company’s revenue was up 16.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.74 earnings per share. On average, equities analysts anticipate that Mondelez International, Inc. will post 3.24 earnings per share for the current year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were issued a dividend of $0.425 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.26%. Mondelez International’s dividend payout ratio (DPR) is presently 50.75%.

Mondelez International Company Profile

(Free Report)

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.

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