Sei Investments Co. Lowers Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Sei Investments Co. lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 18.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 650,721 shares of the company’s stock after selling 152,070 shares during the period. Sei Investments Co.’s holdings in Mondelez International were worth $42,583,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in MDLZ. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Mondelez International during the fourth quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Mondelez International in the 2nd quarter worth $26,000. Lynx Investment Advisory purchased a new stake in shares of Mondelez International in the second quarter valued at about $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Mondelez International during the second quarter worth about $29,000. Finally, Transcendent Capital Group LLC purchased a new position in Mondelez International during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Trading Up 0.4 %

Shares of Mondelez International stock opened at $74.57 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. Mondelez International, Inc. has a 1 year low of $60.75 and a 1 year high of $77.20. The company has a market capitalization of $100.03 billion, a P/E ratio of 23.67, a P/E/G ratio of 3.01 and a beta of 0.54. The business has a 50 day moving average price of $70.86 and a 200 day moving average price of $69.46.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data 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 return on equity of 16.69% and a net margin of 10.97%. The firm had revenue of $8.34 billion during the quarter, compared to the consensus estimate of $8.45 billion. During the same period in the previous year, the firm posted $0.76 EPS. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. Sell-side analysts anticipate that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be given a dividend of $0.47 per share. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a dividend yield of 2.52%. The ex-dividend date is Monday, September 30th. Mondelez International’s payout ratio is currently 59.68%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on MDLZ shares. Bank of America lowered their price objective on Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. The Goldman Sachs Group began coverage on Mondelez International in a report on Monday, August 12th. They set a “buy” rating and a $80.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Stifel Nicolaus lowered their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, July 23rd. Finally, DA Davidson reduced their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.29.

About Mondelez International

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.