Raab & Moskowitz Asset Management LLC Has $1.26 Million Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)


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Raab & Moskowitz Asset Management LLC cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 4.9% during the first quarter, HoldingsChannel reports. The fund owned 21,526 shares of the company’s stock after selling 1,109 shares during the quarter. Raab & Moskowitz Asset Management LLC’s holdings in Mondelez International were worth $1,259,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Navis Wealth Advisors LLC acquired a new position in shares of Mondelez International in the fourth quarter worth $26,000. Hoover Financial Advisors Inc. acquired a new position in shares of Mondelez International in the fourth quarter worth $29,000. NuWave Investment Management LLC increased its position in Mondelez International by 73.3% during the fourth quarter. NuWave Investment Management LLC now owns 572 shares of the company’s stock worth $33,000 after buying an additional 242 shares during the last quarter. McCarthy Asset Management Inc. acquired a new position in Mondelez International during the fourth quarter worth $33,000. Finally, Selective Wealth Management Inc. boosted its holdings in Mondelez International by 496.0% during the fourth quarter. Selective Wealth Management Inc. now owns 596 shares of the company’s stock valued at $35,000 after acquiring an additional 496 shares during the period. 75.06% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have issued reports on MDLZ shares. Credit Suisse Group upped their price target on shares of Mondelez International from $65.00 to $68.00 and gave the company an “outperform” rating in a report on Tuesday. Morgan Stanley increased their target price on shares of Mondelez International from $63.00 to $69.00 and gave the company an “overweight” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft increased their target price on shares of Mondelez International from $67.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, April 28th. Royal Bank of Canada increased their target price on shares of Mondelez International from $66.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Jefferies Financial Group increased their target price on shares of Mondelez International from $67.00 to $68.00 and gave the company a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $65.13.

In other news, Director Peter W. May sold 1,009,875 shares of Mondelez International stock in a transaction on Tuesday, February 9th. The shares were sold at an average price of $55.65, for a total transaction of $56,199,543.75. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Robin S. Hargrove sold 26,628 shares of Mondelez International stock in a transaction on Friday, February 19th. The stock was sold at an average price of $54.43, for a total transaction of $1,449,362.04. Following the transaction, the executive vice president now directly owns 85,611 shares in the company, valued at $4,659,806.73. The disclosure for this sale can be found here. Insiders have sold a total of 2,258,915 shares of company stock valued at $125,594,725 in the last ninety days. Company insiders own 1.30% of the company’s stock.

Shares of Mondelez International stock traded down $0.04 during midday trading on Tuesday, reaching $61.37. The company had a trading volume of 147,964 shares, compared to its average volume of 8,068,333. The company has a current ratio of 0.74, a quick ratio of 0.52 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $86.66 billion, a price-to-earnings ratio of 28.17, a price-to-earnings-growth ratio of 2.91 and a beta of 0.61. The stock has a fifty day simple moving average of $58.92 and a 200 day simple moving average of $57.17. Mondelez International, Inc. has a 1-year low of $48.77 and a 1-year high of $61.87.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, April 27th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.08. Mondelez International had a net margin of 11.99% and a return on equity of 13.92%. The firm had revenue of $7.24 billion during the quarter, compared to analyst estimates of $7 billion. During the same quarter in the previous year, the business earned $0.69 EPS. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. Sell-side analysts expect that Mondelez International, Inc. will post 2.6 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 14th. Shareholders of record on Wednesday, March 31st were issued a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend was Tuesday, March 30th. Mondelez International’s dividend payout ratio is presently 51.01%.

Mondelez International Profile

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.

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

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