Mondelez International, Inc. (NASDAQ:MDLZ) Shares Acquired by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC raised its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 37,429.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 22,893 shares of the company’s stock after purchasing an additional 22,832 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Mondelez International were worth $1,498,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Prospector Partners LLC raised its position in shares of Mondelez International by 0.8% in the 2nd quarter. Prospector Partners LLC now owns 227,670 shares of the company’s stock worth $14,899,000 after buying an additional 1,779 shares during the period. Summit Trail Advisors LLC increased its stake in Mondelez International by 56.9% during the second quarter. Summit Trail Advisors LLC now owns 51,910 shares of the company’s stock worth $3,419,000 after acquiring an additional 18,834 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in Mondelez International by 91.3% during the second quarter. Thrivent Financial for Lutherans now owns 174,467 shares of the company’s stock worth $11,416,000 after acquiring an additional 83,280 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Mondelez International by 14.1% in the 2nd quarter. Pacer Advisors Inc. now owns 229,557 shares of the company’s stock worth $15,022,000 after purchasing an additional 28,287 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Mondelez International by 50.8% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 217,930 shares of the company’s stock valued at $14,258,000 after purchasing an additional 73,400 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Down 0.7 %

MDLZ opened at $74.28 on Monday. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $77.20. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. The stock has a market capitalization of $99.64 billion, a PE ratio of 23.58, a P/E/G ratio of 3.01 and a beta of 0.54. The firm’s fifty day moving average price is $70.66 and its 200 day moving average price is $69.43.

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

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend 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 yield of 2.53%. Mondelez International’s dividend payout ratio (DPR) is 59.68%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on MDLZ shares. Barclays dropped their target price on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. Stifel Nicolaus dropped 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 report on Tuesday, July 23rd. Sanford C. Bernstein reduced their target price 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. Evercore ISI decreased their price target on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a research report on Tuesday, June 4th. Finally, DA Davidson cut their price objective 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. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $78.29.

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.