CHURCHILL MANAGEMENT Corp Decreases Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

CHURCHILL MANAGEMENT Corp cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZFree Report) by 14.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,412 shares of the company’s stock after selling 3,189 shares during the period. CHURCHILL MANAGEMENT Corp’s holdings in Mondelez International were worth $1,334,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in MDLZ. Fairfield Bush & CO. purchased a new stake in Mondelez International during the 1st quarter valued at $100,000. United Bank raised its stake in Mondelez International by 4.6% during the 1st quarter. United Bank now owns 27,006 shares of the company’s stock valued at $1,695,000 after buying an additional 1,189 shares during the last quarter. Cetera Investment Advisers raised its stake in Mondelez International by 4.0% during the 1st quarter. Cetera Investment Advisers now owns 28,390 shares of the company’s stock valued at $1,782,000 after buying an additional 1,085 shares during the last quarter. Dakota Wealth Management purchased a new stake in shares of Mondelez International in the 1st quarter worth $561,000. Finally, Covestor Ltd raised its holdings in Mondelez International by 69.0% in the 1st quarter. Covestor Ltd now owns 1,269 shares of the company’s stock worth $80,000 after purchasing an additional 518 shares during the period. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Price Performance

Shares of Mondelez International stock opened at $72.40 on Monday. The stock has a market cap of $98.53 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 2.46 and a beta of 0.57. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.43 and a current ratio of 0.62. The stock has a 50 day moving average price of $73.14 and a 200-day moving average price of $70.79. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $78.59.

Mondelez International (NASDAQ:MDLZGet Free Report) last announced its earnings results on Tuesday, January 30th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The firm had revenue of $9.31 billion during the quarter, compared to analysts’ expectations of $9.31 billion. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.73 EPS. Equities analysts expect that Mondelez International, Inc. will post 3.52 EPS for the current year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 11th. Investors of record on Thursday, March 28th will be paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date is Wednesday, March 27th. Mondelez International’s dividend payout ratio is currently 46.83%.

Analyst Ratings Changes

Several analysts have issued reports on MDLZ shares. Stifel Nicolaus boosted their price target on Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Barclays raised their price objective on Mondelez International from $79.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 16th. JPMorgan Chase & Co. decreased their price objective on Mondelez International from $84.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 29th. Citigroup started coverage on Mondelez International in a research note on Thursday, February 1st. They issued a “buy” rating and a $87.00 price objective on the stock. Finally, Royal Bank of Canada raised Mondelez International from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $75.00 to $83.00 in a research note on Monday, November 27th. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and an average price target of $81.37.

Check Out Our Latest Report on MDLZ

Mondelez International 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.

Further Reading

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

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