Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by MQS Management LLC

MQS Management LLC decreased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 49.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,202 shares of the company’s stock after selling 10,069 shares during the period. MQS Management LLC’s holdings in Mondelez International were worth $668,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in MDLZ. Carolinas Wealth Consulting LLC increased its holdings in Mondelez International by 253.2% in the second quarter. Carolinas Wealth Consulting LLC now owns 15,892 shares of the company’s stock valued at $1,040,000 after buying an additional 11,392 shares in the last quarter. Elo Mutual Pension Insurance Co boosted its stake in shares of Mondelez International by 10.0% during the 2nd quarter. Elo Mutual Pension Insurance Co now owns 124,063 shares of the company’s stock worth $8,119,000 after acquiring an additional 11,324 shares in the last quarter. Blair William & Co. IL grew its holdings in shares of Mondelez International by 13.6% in the 2nd quarter. Blair William & Co. IL now owns 293,460 shares of the company’s stock worth $19,204,000 after acquiring an additional 35,108 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in Mondelez International by 4.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 131,099 shares of the company’s stock valued at $8,576,000 after purchasing an additional 5,082 shares in the last quarter. Finally, Tredje AP fonden increased its stake in Mondelez International by 13.1% in the 2nd quarter. Tredje AP fonden now owns 112,000 shares of the company’s stock valued at $7,329,000 after purchasing an additional 13,000 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Down 0.1 %

Shares of NASDAQ:MDLZ opened at $75.05 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.58. The firm has a market cap of $100.67 billion, a price-to-earnings ratio of 23.83, a PEG ratio of 3.01 and a beta of 0.54. The stock’s 50-day moving average price is $70.29 and its two-hundred day moving average price is $69.40. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The business had revenue of $8.34 billion for the quarter, compared to analysts’ expectations of $8.45 billion. During the same period last year, the company earned $0.76 earnings per share. The company’s quarterly revenue was down 1.9% on a year-over-year basis. On average, research analysts forecast that Mondelez International, Inc. will post 3.49 EPS for the current year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.47 per share. The ex-dividend date is Monday, September 30th. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a dividend yield of 2.50%. Mondelez International’s payout ratio is currently 59.68%.

Analyst Upgrades and Downgrades

A number of analysts have commented on MDLZ shares. DA Davidson decreased their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Wells Fargo & Company decreased their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 4th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Sanford C. Bernstein reduced their price target on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $78.61.

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.