Fidelis Capital Partners LLC Sells 9,538 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Fidelis Capital Partners LLC lowered its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 44.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 11,757 shares of the company’s stock after selling 9,538 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Mondelez International were worth $816,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Ables Iannone Moore & Associates Inc. purchased a new stake in Mondelez International during the 4th quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Mondelez International during the second quarter valued at about $26,000. Lynx Investment Advisory purchased a new stake in shares of Mondelez International during the second quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Mondelez International in the second quarter worth about $29,000. Finally, Transcendent Capital Group LLC purchased a new position in Mondelez International during the 4th quarter valued at about $34,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $74.28 on Monday. The company has a market capitalization of $99.64 billion, a price-to-earnings ratio of 23.58, a price-to-earnings-growth ratio of 3.01 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $77.20. The company’s 50-day moving average is $70.66 and its 200 day moving average is $69.43.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The firm had revenue of $8.34 billion for the quarter, compared to analysts’ expectations of $8.45 billion. During the same quarter in the prior year, the company posted $0.76 earnings per share. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. Sell-side analysts expect that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.53%. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s payout ratio is currently 59.68%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on MDLZ shares. Deutsche Bank Aktiengesellschaft dropped their price target on Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. DA Davidson cut their target price on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. The Goldman Sachs Group initiated coverage on shares of Mondelez International in a research note on Monday, August 12th. They issued a “buy” rating and a $80.00 price target for the company. Evercore ISI lowered their price objective on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a report on Tuesday, June 4th. Finally, Stifel Nicolaus reduced their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, July 23rd. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $78.29.

Mondelez International Company 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.