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

Delta Investment Management LLC cut its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 13.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,585 shares of the company’s stock after selling 690 shares during the quarter. Delta Investment Management LLC’s holdings in Mondelez International were worth $300,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of MDLZ. Ables Iannone Moore & Associates Inc. acquired a new position in Mondelez International during the 4th quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Mondelez International during the 2nd quarter worth $26,000. Lynx Investment Advisory acquired a new position in Mondelez International during the 2nd quarter worth $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Mondelez International during the 2nd quarter worth $29,000. Finally, Transcendent Capital Group LLC acquired a new position in Mondelez International during the 4th quarter worth $34,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Up 0.4 %

MDLZ opened at $74.32 on Friday. The business has a 50 day moving average price of $71.17 and a two-hundred day moving average price of $69.51. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The company has a market cap of $99.28 billion, a PE ratio of 23.59, a P/E/G ratio of 3.02 and a beta of 0.54. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.79 by $0.07. The firm had revenue of $8.34 billion during the quarter, compared to the consensus estimate of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The firm’s revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.76 EPS. As a group, research analysts anticipate 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. Shareholders 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 an increase from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a yield of 2.53%. Mondelez International’s dividend payout ratio is currently 53.97%.

Analyst Ratings Changes

Several research analysts recently commented on the company. Wells Fargo & Company lowered their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, June 4th. Deutsche Bank Aktiengesellschaft lowered their price objective on Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Evercore ISI upped their price objective on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday. Barclays lowered their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. Finally, DA Davidson lowered their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $78.65.

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.