Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 13.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,559 shares of the company’s stock after selling 717 shares during the quarter. Alpha Cubed Investments LLC’s holdings in Mondelez International were worth $336,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Mondelez International by 5.4% in the first quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock worth $9,153,609,000 after acquiring an additional 6,696,897 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Mondelez International by 40.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock valued at $1,094,557,000 after purchasing an additional 4,794,746 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of Mondelez International by 7.3% during the 1st quarter. Capital Research Global Investors now owns 32,497,024 shares of the company’s stock worth $2,274,792,000 after purchasing an additional 2,206,023 shares during the period. Wulff Hansen & CO. increased its position in shares of Mondelez International by 6,311.0% during the 2nd quarter. Wulff Hansen & CO. now owns 1,750,847 shares of the company’s stock worth $114,575,000 after purchasing an additional 1,723,537 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Mondelez International by 4.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock valued at $2,636,897,000 after buying an additional 1,686,229 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analysts Set New Price Targets

MDLZ has been the topic of a number of research analyst reports. Evercore ISI boosted their price target on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. DA Davidson lowered their price target 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. Barclays cut their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. The Goldman Sachs Group assumed coverage on Mondelez International in a report on Monday, August 12th. They set a “buy” rating and a $80.00 target price for the company. Finally, Stifel Nicolaus cut 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. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $78.65.

Mondelez International Trading Down 0.2 %

NASDAQ:MDLZ opened at $70.85 on Wednesday. Mondelez International, Inc. has a 1 year low of $60.75 and a 1 year high of $77.20. The stock has a market cap of $95.04 billion, a P/E ratio of 22.49, a P/E/G ratio of 3.02 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. The stock has a 50-day simple moving average of $72.14 and a 200-day simple moving average of $69.55.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.07. The firm had revenue of $8.34 billion during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the business earned $0.76 earnings per share. As a group, analysts anticipate that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.65%. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Monday, September 30th. Mondelez International’s dividend payout ratio (DPR) is 59.68%.

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.