Driehaus Capital Management LLC Sells 5,351 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Driehaus Capital Management LLC trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 49.8% during the second quarter, HoldingsChannel.com reports. The firm owned 5,389 shares of the company’s stock after selling 5,351 shares during the quarter. Driehaus Capital Management LLC’s holdings in Mondelez International were worth $353,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Gotham Asset Management LLC lifted its holdings in shares of Mondelez International by 10.4% in the fourth quarter. Gotham Asset Management LLC now owns 174,831 shares of the company’s stock valued at $12,663,000 after purchasing an additional 16,450 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Mondelez International during the first quarter worth about $1,686,000. Schroder Investment Management Group raised its holdings in Mondelez International by 35.1% during the fourth quarter. Schroder Investment Management Group now owns 649,046 shares of the company’s stock worth $47,010,000 after acquiring an additional 168,639 shares in the last quarter. Alaska Permanent Fund Corp raised its holdings in Mondelez International by 76.4% during the first quarter. Alaska Permanent Fund Corp now owns 63,202 shares of the company’s stock worth $4,424,000 after acquiring an additional 27,370 shares in the last quarter. Finally, GLOBALT Investments LLC GA bought a new stake in Mondelez International during the fourth quarter worth about $5,290,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Price Performance

Mondelez International stock opened at $73.67 on Tuesday. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $77.20. The stock’s 50 day moving average is $71.61 and its 200-day moving average is $69.54. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $98.82 billion, a price-to-earnings ratio of 23.39, a PEG ratio of 3.02 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.79 by $0.07. The company had revenue of $8.34 billion for 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 for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.76 earnings per share. Equities research analysts expect that Mondelez International, Inc. will post 3.49 EPS for the current year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be paid a $0.47 dividend. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Monday, September 30th. Mondelez International’s payout ratio is 59.68%.

Analyst Ratings Changes

MDLZ has been the topic of several analyst reports. Barclays dropped their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. Evercore ISI upped their target price on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Deutsche Bank Aktiengesellschaft dropped their target price on Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. DA Davidson lowered their price target 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. Finally, JPMorgan Chase & Co. boosted their price target on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.