NorthCrest Asset Manangement LLC Reduces Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)



NorthCrest Asset Management LLC reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ – Get Rating) by 76.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,379 shares of the company’s stock after selling 33,239 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Mondelez International were worth $651,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in MDLZ. Bivin & Associates Inc. purchased a new position in Mondelez International in the fourth quarter valued at approximately $25,000. FSB Premier Wealth Management Inc. purchased a new position in Mondelez International in the fourth quarter valued at approximately $27,000. Bell Investment Advisors Inc increased its stake in Mondelez International by 64.3% in the fourth quarter. Bell Investment Advisors Inc now owns 419 shares of the company’s stock valued at $28,000 after purchasing an additional 164 during the last quarter. Sierra Capital LLC increased its stake in Mondelez International by 1,151.4% in the fourth quarter. Sierra Capital LLC now owns 438 shares of the company’s stock valued at $29,000 after purchasing an additional 403 during the last quarter. Finally, Shore Point Advisors LLC purchased a new position in Mondelez International in the fourth quarter valued at approximately $29,000. Institutional investors own 77.10% of the company’s stock.

A number of brokerages have recently issued reports on MDLZ. UBS Group began coverage on shares of Mondelez International in a research report on Wednesday, March 30th. They set a “buy” rating and a $73.00 target price on the stock. StockNews.com lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Thursday, June 23rd. Mizuho lowered their target price on shares of Mondelez International from $77.00 to $75.00 in a research report on Wednesday, April 27th. Barclays lowered their target price on shares of Mondelez International from $74.00 to $73.00 and set an “overweight” rating on the stock in a research report on Thursday, April 7th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Mondelez International from $75.00 to $72.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 22nd. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and an average target price of $72.55.

Mondelez International stock opened at $61.72 on Wednesday. Mondelez International, Inc. has a one year low of $57.63 and a one year high of $69.47. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.48 and a current ratio of 0.68. The business has a fifty day moving average of $63.05 and a two-hundred day moving average of $64.23. The company has a market cap of $85.42 billion, a P/E ratio of 20.78, a price-to-earnings-growth ratio of 3.11 and a beta of 0.64.

Mondelez International (NASDAQ:MDLZ – Get Rating) last released its earnings results on Tuesday, April 26th. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.10. Mondelez International had a return on equity of 14.72% and a net margin of 14.34%. The company had revenue of $7.76 billion during the quarter, compared to the consensus estimate of $7.47 billion. During the same quarter last year, the company earned $0.77 earnings per share. Mondelez International’s quarterly revenue was up 7.3% compared to the same quarter last year. Sell-side analysts predict that Mondelez International, Inc. will post 2.96 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 14th. Shareholders of record on Thursday, June 30th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Wednesday, June 29th. Mondelez International’s dividend payout ratio (DPR) is currently 47.14%.

In other Mondelez International news, EVP Robin S. Hargrove sold 30,500 shares of the firm’s stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $65.86, for a total value of $2,008,730.00. Following the completion of the sale, the executive vice president now owns 32,024 shares of the company’s stock, valued at $2,109,100.64. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.32% of the stock is currently owned by company insiders.

About Mondelez International (Get Rating)

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, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.

Further Reading

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)



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